Wednesday, May 14, 2008

Creative Accounting Keeps Inflation Under Control

No doubt you have heard us rant about the government not counting energy, food, and housing as inflation when they refer to "core" inflation. We all certainly know that the core part of our everyday lives certainly don't include energy, food or housing, right? (In case you aren't picking up on this, it is dripping with sarcasm.) Today's CPI report sees the largest rise in 18 years for food prices but energy has stayed the same when the Department of Labor readjusts for seasonal cycles. No doubt your paycheck is readjusted for seasonal cycles just like ours!

What a load of B.S.!

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