iPod Classic Thwarts Bureau of Labor Statistics

From the fine folks at Cafe Hayek, who never tire of reminding us of ways that things keep getting better and better, often in ways that fly below the radar of every formal measure of material progress:

The iPod will be six years old next month. The newly released iPod Classic with 160 GB of memory is $50 cheaper, holds 40 TIMES more songs, plays color videos and displays photos than the original. It is smaller, lighter and has a better battery. I wonder how the [Bureau of Labor Statistics] takes account of the quality differences when measuring the price index and inflation.

Get yours today, or stick with your decrepit old nano, you hater of progress, you.