Indeed. Further, noted in the report, BLS reports higher overall private transportation price increase than in the total-cost-of-ownership metric I recommend. Fun to get criticism both for “cherry-picking” and for using nuanced examples that don’t all point in one direction.https://twitter.com/Mark_J_Perry/status/1231311609957638146 …
Can someone help me understand why the AEI economists have reacted so angrily and contemptuously on this chart? Honestly seems more personal than professional. Oren is graciously (and in my view, successfully) responding to criticism.
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I'm a longtime fan of AEI and Leadership Network alumnus, but I'm surpsised how passionately they deny what is obvious: it's much more difficult today to sustain a family on a single income.
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Their argument appears to be "everything is going great," but doesn't our political moment, with Trump and Sanders taking over the old parties, signal deep discontent? "But you can buy a great minivan at a time-cost discount!" doesn't seem like a strong argument.
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