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How and Why the CPI Was Destroyed as an Accurate Measure of Price Inflation
EPJ - Shadowstats ^
| July 23, 2014
| John Williams
Posted on 07/25/2014 3:11:11 PM PDT by george76
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1
posted on
07/25/2014 3:11:11 PM PDT
by
george76
To: george76
And the irony is that hamburger is now as expensive as was steak. Then you can throw gasoline on the fire ...
2
posted on
07/25/2014 3:12:33 PM PDT
by
NonValueAdded
("Kerry, as Obama's plenipotentiary, is a paradox - the physical presence of a geopolitical absence")
To: Toddsterpatriot
The contention was that the CPI overstated inflation (it did not allow substitution of less-expensive hamburger for more-expensive steak).
3
posted on
07/25/2014 3:18:15 PM PDT
by
1rudeboy
To: NonValueAdded
Just another reason - which we already knew about - that the Klintoon 90's looked better than they were.
Republican Congress.
A very real peace dividend.
Tech Boom.
Rise of the Internet.
Boomers in their prime earning and spending years.
Fudged General Fund accounting.
Screwing the military.
There are more....
4
posted on
07/25/2014 3:21:50 PM PDT
by
98ZJ USMC
To: NonValueAdded
Wait until they introduce Soylent Green as a substitute for hamburger.
5
posted on
07/25/2014 3:24:08 PM PDT
by
ViLaLuz
(2 Chronicles 7:14)
To: george76
And, now, I believe, the CPI excludes such unnecessary
volatile expenditures such as food and energy, so we now measure CPI on items that we may purchase every three to five years, and exclude 2/3rds of your wallet.
6
posted on
07/25/2014 3:26:54 PM PDT
by
Noob1999
(Loose Lips, Sink Ships)
To: Noob1999
7
posted on
07/25/2014 3:30:15 PM PDT
by
1rudeboy
To: george76; Patton@Bastogne; Oldeconomybuyer; RightField; aposiopetic; rbmillerjr; Lowell1775; ...
Shadowstats is the Ron Paul goofball TEOTWAWKI website.
A better, more accurate effort can be found at: http://bpp.mit.edu/usa/
8
posted on
07/25/2014 3:30:18 PM PDT
by
narses
(Matthew 7:6. He appears to have made up his mind let him live with the consequences.)
To: ViLaLuz
Soylent Red - it’s made out of Tea Partiers!!!!!
9
posted on
07/25/2014 3:32:31 PM PDT
by
Salgak
(Peace through Superior Firepower. . . .)
To: george76
Pure and simple, it was a cut to Social Security and that'd what it accomplished.
At the end of March, I posted an article about the average food price in the US being up 22% for the year.
10
posted on
07/25/2014 3:33:55 PM PDT
by
blam
(Jeff Sessions For President)
To: narses
Seriously? Is Ron Paul behind all this? Please say it isn’t so . . . I always people stumbled-upon the “info” on a website that sells gold.
11
posted on
07/25/2014 3:37:33 PM PDT
by
1rudeboy
always assumed
12
posted on
07/25/2014 3:38:00 PM PDT
by
1rudeboy
To: george76
LOL! I have tried to explain to people this trick...they just think I am crazy because I even know what the CPI is....amazing...they could care less that math tricks are used to trick them....
It is no wonder that con artists can so easily take folks for all they have....
13
posted on
07/25/2014 3:42:18 PM PDT
by
eeevil conservative
(GIVE ME A PLACE TO STAND AND I WILL MOVE THE thatEARTH....Archimedes)
To: 1rudeboy
Very interesting: Carefully considered and calculated models and figures that completely miss the economic situation for the average family.
14
posted on
07/25/2014 3:42:23 PM PDT
by
Paul R.
(Leftists desire to control everything; In the end they invariably control nothing worth a damn.)
To: Paul R.
And yet another misconception: the CPI is an attempt to make a snapshot of an entire region.
15
posted on
07/25/2014 3:47:28 PM PDT
by
1rudeboy
To: 1rudeboy
Not sure if he is behind it, but his nattering nabobs of negativity pull the shadowstats website like a gunslinger pulls his smokewagon.
16
posted on
07/25/2014 3:47:48 PM PDT
by
narses
(Matthew 7:6. He appears to have made up his mind let him live with the consequences.)
To: eeevil conservative
Maybe their eyes glaze-over because they realize that you don’t know what the heck you’re talking about? Mine would.
17
posted on
07/25/2014 3:49:17 PM PDT
by
1rudeboy
To: narses
I do envy John Williams for one thing: he (probably) makes good money selling this compost.
18
posted on
07/25/2014 3:50:48 PM PDT
by
1rudeboy
To: 1rudeboy
wow? What happened to you? I am well aware of CPI..
maybe you need to go kick a dog? Years ago, you were a pretty cool FREEPer...
no need to reply, over ya!
19
posted on
07/25/2014 3:56:02 PM PDT
by
eeevil conservative
(GIVE ME A PLACE TO STAND AND I WILL MOVE THE thatEARTH....Archimedes)
To: eeevil conservative
Just go ahead and read the link I provided in #7.
20
posted on
07/25/2014 4:00:24 PM PDT
by
1rudeboy
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