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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsInflation: I hope you all know what the real rate of inflation is
If people in this country knew what the real inflation rate is, it would probably help in adding to anger and energy in order to get economic reform to be done (due to having a measurable number as evidence of an unacceptably high inflation rate). Another crafty way the government changes definitions in order to deceive the public.
Clearly the biggest problem here is that everyone knows that prices are rising but there's not generally been an exact honest measurement of the increase in the cost of living or inflation rate given out to the public, and thus the fake inflation rate the BLS puts out, in conjunction with the war against organized labor, helps to make it harder for workers to demand appropriate increases in pay, as well as in demanding higher minimum wage increases. Thus, over time, the rich get richer in part because people are ignorant as to the true inflation rate and thus the rich get to pay the workers less and less over time (despite the cost of goods increasing) in part because of this deception. And the federal government has been complicit in this (what do you expect with a congress bought by and largely consisting of the 1%).
From Shadowstats, an economic website made by Walter J. Williams, a private consulting economist of 30 years.
http://www.shadowstats.com/alternate_data/inflation-charts
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According to the original CPI measuring method before the 80's, we would be having 10% inflation!
indepat
(20,899 posts)Wellstone ruled
(34,661 posts)since Raygun. Work retail,whom the hell are the Feds kidding,not me,price changes on a daily basis. Product changes daily usually a poorer quality at the same old price. What the hell is 14% increase in insurance costs for Seniors,if that isn't inflation,what is. Companies have all increased their insurance costs and at the same time raised the deductibles. If that isn't inflation what the hell. Gas prices last year at this time was $3.25,now $3.65,what the,that is inflation. Fuel casts are the most detrimental inflation item of all.
It's all about protecting the Privilege Class for you and I!!!!!