Over the past few decades, Washington as a whole, not just Biden, has been consistently changing how inflation is tracked and reported because it appears the economy is better than it truly happens to be.
Annualized inflation just peaked at 17% for the first time since WW2, the highest rate in 75 years.
Inflation is correctly defined as an expansion of the nation’s money supply. However, during the 20th century, the federal government began a series of steps to expand the money supply to facilitate more expansive federal spending. Those steps included removing the gold standard, removing the gold peg, suppressing interest rates, printing money directly into the Treasury, pandemic stimulus checks, and more.
To cover for the careless handling of the nation’s money supply, the Fed changed its definition of inflation from an expansion in the money supply to a rise in the price of goods and services.
The Bureau of Labor and Statistics originally created the Consumer Price Index (CPI) to measure how the nation was keeping up with a consistent standard of living.
However, in 1980, the Fed altered its calculation for the CPI to no longer measure a constant “basket of goods” but instead utilized a hedonistic, strategic group of goods to measure inflation. The Fed further utilized theory to offset real-world numbers.
Anyone who has shopped or put gas in their vehicle knows the 8.6% inflation is a lie. Just more cooking of the books by the govt.
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By: Daily Wire
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Democrats prosecuting political opponets just like foreign dictrators do
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populist / nationalist / sovereigntist right are kingmakers for new government
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18 year old boy who thinks he is girl planned to shoot up elementary school in Maryland
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Biden assault on democracy continues to build as he ramps up dictatorship
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illegal alien "asylum seeker" migrants are a crime wave on both sides of the Atlantic
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UNC board committee votes unanimously to end DEI in UNC system
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this is the propagandist mindset of MSM today
Published: Wednesday, April 17th, 2024 @ 3:04 pm
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Police in the nation’s capital are not stopping illegal aliens who are driving around without license plates, according to a new report.
Published: Wednesday, April 17th, 2024 @ 8:59 am
By: Daily Wire
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same insanity that created Covid
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Davidaon County student suspended for using correct legal term for those in country illegally
Published: Wednesday, April 17th, 2024 @ 7:23 am
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given to illegals in Mexico before they even get to US: NGOs connected to Mayorkas
Published: Tuesday, April 16th, 2024 @ 11:36 am
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committee gets enough valid signatures to force vote on removing Oakland, CA's Soros DA
Published: Tuesday, April 16th, 2024 @ 10:32 am
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other pro-terrorist protests in Chicago shout "Death to America" in Farsi
Published: Monday, April 15th, 2024 @ 9:13 pm
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claim is needed "to meet climate targets
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Only two of the so-called “three Johns” will be competing to replace Sen. Mitch McConnell (R-KY) as leader of the Senate GOP.
Published: Monday, April 15th, 2024 @ 12:50 pm
By: Daily Wire
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particularly true on economic matters
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By: Daily Wire
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Turkish diplomatic sources say he did
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Murphy was deciding vote as amendment failed 212 to 212
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