Look, if you believe in the FED and keynesian economics then I don't have time do dig up all proof that you are asking for... cause frankly its right in front of your face...
We will have to agree to dis-agree and leave it at that...
I believe the Founding Fathers meant for the law to be understood by every man, so he/she could understand their rights and defend them. The convoluted laws of today have stripped us of our understanding and as such, our rights. CHL Holder Since 05/04/2012
You may think it was more about the war, but I suggest you look closer at the Military Industrial Complex and its ties to the money flow from Congress from the FED.
I believe the Founding Fathers meant for the law to be understood by every man, so he/she could understand their rights and defend them. The convoluted laws of today have stripped us of our understanding and as such, our rights. CHL Holder Since 05/04/2012
matriculated wrote:Inflation is measured using the core CPI (consumer price index), which strips out volatile prices such as energy and food. I'm aware of the gas pump pain. Had to endure some of it this morning.
I remember this from economics, but I would argue that those figures are exactly what reflects true inflation. If I can't afford to eat, heat or move, what do I care if a car or television is only inflated by 2.9% My food budget is already two - three times what a normal family's should be because of an allergy diet. It has gone up over 12% in the last year, about 8% the year before that. The ethanol debacle was the first palpable hit I felt in the food budget and it was nothing compared to the increases that have occurred since the national debt has flown off the scale.
I Thess 5:21
Disclaimer: IANAL, IANYL, IDNPOOTV, IDNSIAHIE and IANROFL
"There is no situation so bad that you can't make it worse." - Chris Hadfield, NASA ISS Astronaut
matriculated wrote:Inflation is measured using the core CPI (consumer price index), which strips out volatile prices such as energy and food. I'm aware of the gas pump pain. Had to endure some of it this morning.
I remember this from economics, but I would argue that those figures are exactly what reflects true inflation. If I can't afford to eat, heat or move, what do I care if a car or television is only inflated by 2.9% My food budget is already two - three times what a normal family's should be because of an allergy diet. It has gone up over 12% in the last year, about 8% the year before that. The ethanol debacle was the first palpable hit I felt in the food budget and it was nothing compared to the increases that have occurred since the national debt has flown off the scale.
I completely agree with you on the importance of energy and food prices. Those are some of our biggest daily expenses. My only point was that this is how we have measured inflation for a long time, so whatever was true of the inflation rate under (say) Reagan, is true today. There is no conspiracy. This is the actual inflation rate as it has been calculated for decades. "Disagreeing" with mathematics is almost always a losing proposition. Also, it must be hard living a life when one doesn't believe anything he or she reads. By that standard, the Earth would still be flat. Those newfangled biased textbooks say it's spherical, so I'm putting my foot down against this brainwashing and I choose to believe the Earth is flat. That position doesn't make any sense. And this doesn't refer to you, Dragonfighter.