Saturday, March 10, 2007

Phony Official Inflation Rate

OK. Let’s just admit it at the start: the government’s official inflation rate is way too low. You feel it. You see it. So why don’t they just admit it? Well, it saves the government LOTS of money in higher Social Security payments, cost-of-living adjustments, and low borrowing costs. Look at the things they don’t include. I’ve read that food and energy prices are excluded or given a low rating. Hey, what do they want us to do? Eat grass and walk?

So, what is the “true” inflation rate? There isn’t one rate that applies to every person. Try to figure it out for yourself. Google the phrase “official inflation rate” for help. (Here’s a good one: http://www.isil.org/towards-liberty/inflation-gov-lies.html) Then contact Congress. A lot of good it will do, but you might be psychologically satisfied.

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