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<p>[QUOTE="Publius2, post: 4666838, member: 105571"]There is a body of evidence and opinion that I've read about in the WSJ for a long time that alleges that the government's official CPI is too large. I'm just a lowly engineer and not dour enough to be an economist (Economics-the dismal science) so don't ask me to explain it or justify the claim. I'm just saying that you may be overestimating the effects of the official inflation number.</p><p><br /></p><p>You know, the way I view my hobby of collecting coins is that my cost of acquisition minus my value at time to sell is the rental cost of the asset. Thus, I am paying an annualized rent to indulge my hobby. I could do an Excel spreadsheet with annualized cost of capital, inflation, discount rates and etc. to come up with a yearly or even monthly cost of my hobby. But my un-official and strictly qualitative judgement is that I get more enjoyment value than I pay in "coin rent" and opportunity cost.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 4666838, member: 105571"]There is a body of evidence and opinion that I've read about in the WSJ for a long time that alleges that the government's official CPI is too large. I'm just a lowly engineer and not dour enough to be an economist (Economics-the dismal science) so don't ask me to explain it or justify the claim. I'm just saying that you may be overestimating the effects of the official inflation number. You know, the way I view my hobby of collecting coins is that my cost of acquisition minus my value at time to sell is the rental cost of the asset. Thus, I am paying an annualized rent to indulge my hobby. I could do an Excel spreadsheet with annualized cost of capital, inflation, discount rates and etc. to come up with a yearly or even monthly cost of my hobby. But my un-official and strictly qualitative judgement is that I get more enjoyment value than I pay in "coin rent" and opportunity cost.[/QUOTE]
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