Since his charts come from http://www.earth-policy.org/ who states their moto as "Providing a Plan To Save Civilization" I would imagine the charts are suspect even though they say USDA. It looks like just another environmentalist site that can't be trusted to provide truthful data.
American small businessman schools rep on austerity
- Thread starter Ricter
- Start date
+1000
It may be that the government data is skewed by what is being incorporated into the calculation, such as hedonics or specific large sectors where there has been either price decline, or no inflation such as in real estate and wages.
However, inflation over the last 5 years that the average consumer is experiencing seems to be far higher than the official government figures. I would say very high indeed in food costs, high in energy, and above average in services, medical costs, insurance, etc.
Though housing virtually collapsed for some months, even at the nadir I did not see hardly any decline in the cost of lumber and building materials at the retail level-- just a leveling off.
There seems to be quite a disconnect between official government headline inflation and real life, as we know it.
Would you agree?
If so, everyone is in on it.Quote from piezoe:
It may be that the government data is skewed by what is being incorporated into the calculation, such as hedonics or specific large sectors where there has been either price decline, or no inflation such as in real estate and wages.
However, inflation over the last 5 years that the average consumer is experiencing seems to be far higher than the official government figures. I would say very high indeed in food costs, high in energy, and above average in services, medical costs, insurance, etc.
Though housing virtually collapsed for some months, even at the nadir I did not see hardly any decline in the cost of building lumber and building materials at the retail level-- just a leveling off.
There seems to be quite a disconnect between official government headline inflation and real life, as we know it.
Would you agree?
It may be? It's a documented fact that it is. A good deal of folks have written studies on it.
Quote from piezoe:
However, inflation over the last 5 years that the average consumer is experiencing seems to be far higher than the official government figures. I would say very high indeed in food costs, high in energy, and above average in services, medical costs, insurance, etc.
Though housing virtually collapsed for some months, even at the nadir I did not see hardly any decline in the cost of building lumber and building materials at the retail level-- just a leveling off.
There seems to be quite a disconnect between official government headline inflation and real life, as we know it.
Would you agree?
Probably the first thing I can agree that you've said here in a long time.
When you can't make a solid point, be enigmatic and ambiguous.
I'm guessing that either you mean everyone is in on the ridiculous metric used to calculate the CPI, and if so, it's not like we have a choice in the matter. The government sets for the statistic, and everyone has to use it.
or you mean that everyone has to suffer the inflation together, and in that case I defer back to my original comment about how the poor and those on fixed income are disproportionally burdened by this.