Inflation: Not as low as the gov’t says it is

Inflation: Not as low as we’ve been told. CPI is up 3.1% but everyday prices are up 8% according to the American Institute for Economic Research. Why? The CPI includes the price of durable goods like houses, furniture, appliances, cars, computers, etc. The AIER focuses on consumables and services – food, gas, child care, medicine, phone and cable service and household products. Inflation, GDP, unemployment – none of the “official” numbers seem to make sense these days. Wonder why?

This post was last modified on January 26, 2021

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (5)

  • I thinks it's because the majority of the ass-hats in this administration are all POLI-SCI and Humanities majors, primarily because they hated math and the hard sciences, and they could never make their slide rulers work properly. As long as the equation looks mathematical and fills the blackboard it must be correct and as long as the answer looks like a number, any number, they're just happy to have gotten an answer. Whatever they get can always be manipulated by the math whizzes they have on the payroll.

  • What? Like we expect even the smallest shred of honesty from these guys? I figure that there is nothing that comes from them that should be trusted.

  • The numbers can be changed to say anything that those who are publishing them want them to say.