Sunday, July 27, 2008

Propoganda From The Bureau of Labor Statistics

LaTi gets to follow around a price checker that helps put together the Consumer Price index. Of course, the manipulation of the CPI Index is not done at the grunt level, it is done higher up the calculation chain. Sometimes, way up the chain. Richard Nixon was responsible for the wacky "Core Inflation" that removes food and energy from the CPI.

The propaganda in the article reaches its peak when it quotes government apologist and former Council of Economic Advisors member, Michael Boskin. LaTi reports:
...economist Michael Boskin said the CPI historically has overstated inflation...

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