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Inflation Actually Near 10% Using Older Measure
CNBC ^
| 12 Apr 2011
| John Melloy
Posted on 04/13/2011 5:12:57 AM PDT by radioone
After former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation. Using the methodology in place at that time puts the CPI back near those levels.
(Excerpt) Read more at cnbc.com ...
TOPICS: Politics
KEYWORDS: democrats; inflation; obama; palin; palinwasright; qe2
1
posted on
04/13/2011 5:13:00 AM PDT
by
radioone
To: radioone
Cooked the books....again!!!
2
posted on
04/13/2011 5:27:52 AM PDT
by
evad
(SHUT IT DOWN!)
To: radioone
They could measure inflation more accurately just by looking at the growth in a broad, diversified basket of commodities (aggs, energy, metals, etc.). Of course, that won’t te Bernanke what he and his Manhattan banker friends want to hear.
3
posted on
04/13/2011 5:37:26 AM PDT
by
Thane_Banquo
(Mitt Romney: He's from Harvard, and he's here to help.)
To: radioone
Obama - the reincarnation of the Carter Administration!
4
posted on
04/13/2011 6:48:36 AM PDT
by
sjmjax
(Politicans are like bananas - they start out green, turn yellow, then rot.)
To: radioone
5
posted on
04/13/2011 7:20:12 AM PDT
by
phockthis
To: radioone
The Obama&Co. misery index still on the up tick.
6
posted on
04/13/2011 10:33:01 AM PDT
by
Vaduz
To: radioone
"Former Fed Chairman Paul Volcker tweaked the methodology in order to account for things such as product replacements and improvements to technology and their effects on prices."
Otherwise known as downward adjustments in the CPI for hedonics, quality change, intervention analysis using geometric weighting.
7
posted on
04/13/2011 11:28:55 AM PDT
by
algernonpj
(He who pays the piper . . .)
To: algernonpj; radioone
The CPI no longer measure a set standard of living but a declining one.
8
posted on
04/13/2011 11:31:26 AM PDT
by
algernonpj
(He who pays the piper . . .)
To: radioone
9
posted on
04/13/2011 2:58:48 PM PDT
by
Red in Blue PA
(Let's apply the "reasonable man" standard to gun laws. How many would stand?)
To: radioone
wait until the price of gasoline is factored in. We will be hitting 20% by christmas
10
posted on
04/14/2011 7:33:16 AM PDT
by
unseen1
To: radioone
11
posted on
04/16/2011 12:05:13 PM PDT
by
DeaconBenjamin
(A trillion here, a trillion there, soon you're NOT talking real money)
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