"But," we think the majority of important BIS member banks may say, "Looking at the Pre-Clinton calculation of your CPI, we see your inflation rate at some 6 percent rather than the 2.3 percent that your Post-Clinton CPI calculations indicates. By holding your Fed rate at a falsely low rate, you are firing highly-leveraged speculation with falsely cheap credit, to say nothing of your fast expanding money supply!
Right there says it all-- for the last 5-6 years we have been lied to about actual inflation-- by the administration developing a new way of calculating it :roll: Looks good for politics for a couple years- but when it catches up with us it will bite us in the butt good...
You tell me- look at your costs and tell me that inflation is 2.3% -- Look at the change in oil and gas prices, fertilizer, land, food, clothing, meals at a restaurant, vehicles and equipment, etc. etc.-- then tell me that the boys in D.C. haven't been juggling the figures to deceive folks....