Recent content by Mayo

Obviously you have no idea what you're talking about When i mention the fed i meant the federal reserve system. Anyone with a knowledge in economics would have known that.. The treasury has nothing to do with the federal reserve system. The article's argument is just simply silly, the...

federal bank does not operate under the pressure of the government so your argument of the feds doctoring the inflation rates to reduce social security payments is simply untrue

and how are those constant? gas and food and insurance are all dynamic and can go up and down in the matter of days... just look at the recent gas prices...

the federal bank is a completely seperate entity from the government

there is no such thing as a constant in a dynamic economy like the US besides if the CPI is that grossly understated why would the fed even bother formulating their interest rate on it? furthermore, there is simply no justification for real interest rates to be at 10%. Wages hasn't gone...

same planet as you CPI fails to factor in the changes of short term consumer trends... say for example an increase in the consumption of cheaper substitute goods in the face of growing inflation, or the reduction of certain goods in the basket used in the cpi calculation..

the cpi overstates real inflation rates not understates it..

the economy won't collapse but the economy will shrink. However, due to an increase in outsourcing and the collapse of certain sectors of the economy, i wouldn't be surprise if the net change in jobs will stay the same if not decreases. So after that all is said and done, only few americans...