Tuesday, April 12, 2011

Inflation actually 10% using prior method of calculation


Is this a surprise to anyone?  The idea of not including energy and food costs for calculating inflation is ludicrous and is obviously done in an attempt to deceive (in much the same way as how unemployment is currently calculated).  What impact does 10% inflation have on the economy?  Well, do we honestly think that wages are keeping up with inflation at present?  Are we returning to '70's style stagflation?
Without a doubt.

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