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Inflation Index is Out of Touch
articles.moneycentral.msn.com — Between the gas pump and the grocery checkout, Americans have plenty of reasons to list inflation as Economic Enemy No. 1. But how bad is it, really? The short answer: Bad enough, but don't judge the problem only by what it costs to fill a fuel tank.
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- brjohnson789, on 05/16/2008, -0/+1This is an interesting piece on some of the issues w/ the CPI. Basically the gov't HAS fudged the numbers for quite some time, so that CPI is under reported. Just ask anyone that's been on social security for a significant amount of time how far their SS checks go now vs 10 years ago.
http://www.shadowstats.com/article/56 - dupswapdrop, on 05/16/2008, -1/+1Yes but a million dollar wedding for one of the bush girls is still only a million dollars so you see there is no inflation in the eyes of mr bush!
- reeder, on 05/16/2008, -0/+2The US government and practically every economic analysts lies (or the modern media term "misled") about economic information, because doing so lines their collective pockets, This is why so many simple economic and financial concepts are continuously twisted and wordsmithed until the layman gets bored or gives up.
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