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<p>[QUOTE=&quot;ctrl, post: 1303543, member: 13378&quot;]How so? How is that a logical fallacy? That&#039;s the exact&nbsp; reason why using absolute measurements in economic comparisons is wrong.&nbsp; You&#039;re asserting that absolute numbers are the only way to talk about&nbsp; the present economic situation. The bread example is an illustration of&nbsp; why that&#039;s wrong.</p><p><br /></p><p>The example, maybe clarified (with real values, even)</p><p>1900: </p><p>cost of a loaf of bread = $0.05</p><p>average yearly income = $438</p><p>percentage of income for a loaf of bread = 0.011%</p><p><br /></p><p>2011:</p><p>cost of a loaf of bread = $1.98</p><p>median yearly income = $41,673</p><p>percentage of income for a loaf of bread = 0.0047%</p><p><br /></p><p>So,&nbsp; in absolute numbers the cost of bread increased by 40 times, but the&nbsp; relative cost is about <i>half</i> of what it was in 1900. You&#039;re saying&nbsp; that comparing $0.05 vs $1.98 is the only thing that matters. During&nbsp; WW2, the GDP-to-debt ratio was higher than it is now, even though the&nbsp; absolute number now is much larger.[/QUOTE]</p><p><br /></p>

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