Guest Post by Murray
By the way, this is actually how the government hides the true rate of inflation when they calculate the Consumer Price Index (CPI) and they’ve been doing it for the past 40+ years. When one item gets too expensive, they just replace it with something that’s cheaper/lower quality that they deem is “comparable”.
New York Strip is up 60% to $25/pound? Let’s take that out of the basket of goods we measure and replace it with imported ground beef from mystery countries that’s only $6.99/pound and Voilà! There’s no inflation!
We are being robbed by a cabal of criminals.
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[ H/T The Burning Platform ]
By the way, this is actually how the government hides the true rate of inflation when they calculate the Consumer Price Index (CPI) and they’ve been doing it for the past 40+ years. When one item gets too expensive, they just replace it with something that’s cheaper/lower quality that they deem is “comparable”.
New York Strip is up 60% to $25/pound? Let’s take that out of the basket of goods we measure and replace it with imported ground beef from mystery countries that’s only $6.99/pound and Voilà! There’s no inflation!
We are being robbed by a cabal of criminals.
Tweet
Continue reading...
[ H/T The Burning Platform ]
