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The Burrito Index: Consumer Prices Have Soared 160% Since 2001

Calculating the real inflation rate
Friday, July 29, 2016, 3:31 PM

In our household, we measure inflation with the "Burrito Index": How much has the cost of a regular burrito at our favorite taco truck gone up?

Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in 2010 to $6.50 in 2016.

That’s a $160% increase since 2001; 15 years in which the official inflation rate reports that what $1 bought in 2001 can supposedly be bought with $1.35 today. » Read more

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Navigating Paying For College

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Navigating Paying For College

A PP.com parent shares recent learnings from sending his first child off to college

Podcast

Charles Hugh Smith: The Nearly Free University

Our broken education model is ripe for creative disruption
Saturday, September 14, 2013, 12:15 PM

The cost of higher education has skyrocketed in recent decades. The average cost of tuition is up over 1,000% since the 1980s, far outstripping price inflation and most other goods and services.

Yet despite the accelerated cost, the value of a college degree has been diminishing, both in the terms of quality of education received, as well as future employment prospects. » Read more

Daily Digest

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Daily Digest 3/27 - Cyprus Banks Stay Shut Until Thursday, Spain Bank Offers Grim Forecast

Wednesday, March 27, 2013, 10:55 AM
  • Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief
  • Spain's central bank offers grim economic forecast
  • Mr Yen cautions on Japan's 'unsafe' debt trajectory
  • House To Propose College Tuition Increase
  • California State Treasurer emphasizes shrinking retirement savings
  • Portugal to contract 2.3% in 2013: central bank
  • Bernanke rejects competitive devaluation worries
  • Cyprus bailout: Banks to stay shut until Thursday
  • Recession keeps Italy's banks at risk: IMF
Blog

Let's Stop Fooling Ourselves: Americans Can't Afford the Future

Unemployment, taxes & unfunded retirements are squeezing us
Tuesday, March 12, 2013, 11:24 AM

The truth is: The three adult generations in the U.S. are suffering, and their burdens are likely to increase with time. Each is experiencing a squeeze that is making it harder to create value, save capital, and pursue happiness than at any point since WWII. At that point, we were a creditor nation with an economy exploding into dominance on the world stage. Now, however, the U.S. is the largest debtor nation and our economic hegemony is increasingly at seige across a number of fronts.

A continuation of the status quo is a decision to sleepwalk face-first into the constraints hurtling towards us.

Instead, shouldn't we stop fooling ourselves and ask: What should we be doing differently? » Read more

Daily Digest

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Daily Digest 3/7 - Beware The Dow Jones High, Maine Town Declares Food Sovereignty

Thursday, March 7, 2013, 11:46 AM
  • Switzerland Clamps Down Hard on Obscene CEO Pay
  • Iran reportedly uses snipers to tackle Tehran's rat problem
  • SEC shares expertise with FBI on algorithmic trading
  • Billionaires Dumping Stocks, Economist Knows Why
  • John Williams Exposes Government Lies
  • Scary New Satellite Pictures Of China's Ghost Cities 
  • No down payment? No problem
  • Haunting images at the heart of Detroit’s financial emergency
  • Saving Detroit City Council from Itself
  • Housing fuels record $7.33-billion bank profits
  • ‘We are angry’: Quebec students return to streets for nighttime protest against tuition increases, 50 arrested
  • How Tiny Cameras Have Become Big Business
  • Junior miners in survival mode, bracing for industry-wide culling
  • Fiat Monetary Theory: The Gamblers
  • Beware The Dow Jones Nominal Record High
  • 30 Facts About The Coming Water Crisis That Will Change The Lives Of Every Person On The Planet
  • Maine Town Declares Food Sovereignty
  • The children going hungry in America
  • CDC sounds alarm on deadly, untreatable superbugs
  • Fending off the ‘nightmare bacteria’