Sunday, September 28, 2008

Let's talk about the" Cost of Living High", not the "High Cost of Living"

Mark Perry:

"When people today talk about the 'high cost of living,' they’re usually talking about the 'cost of living high' (see Dallas Fed), because they're certainly not spending very much on the basics: food, clothing and shelter - that spending is at an all-time low as a percent of disposable personal income. "

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