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Inside Washington’s Low-Inflation Scam

Summary:
Currently, the government understates inflation by using a formula based on the concept of a “constant level of satisfaction” that evolved during the first half of the 20th century in academia. https://brucewilds.blogspot.com/2019/08/the-cpi-understates-inflation-skewing.html

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Currently, the government understates inflation by using a formula based on the concept of a “constant level of satisfaction” that evolved during the first half of the 20th century in academia.

Inside Washington’s Low-Inflation Scam

https://brucewilds.blogspot.com/2019/08/the-cpi-understates-inflation-skewing.html

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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