Wednesday, December 29, 2004
Inflation Disinformation
whatreallyhappened.com had a link to this article about Inflation Disinformation...Critically, the mainstream press has been a big help to the Fed in this endeavor. For the most part, they simply print what they are told without doing any factual digging or additional research, or actually examining the “real” inflation numbers. When the Fed claims that all that matters is the core rate, you really need to go to the BLS and find out what the year-over-year rate is. Price increases are downright ugly and the last thing the government wants you to do is take a closer look...
Exactly - It is confusing and I will have to re-read this when I have time to ponder it and actually understand it. The government is counting on us to not understand.
Exactly - It is confusing and I will have to re-read this when I have time to ponder it and actually understand it. The government is counting on us to not understand.
