[lbo-talk] thoughts on CPI?

Max B. Sawicky sawicky at verizon.net
Mon Jan 21 07:39:01 PST 2008


From the very cool Mason Gaffney, emeritus professor, land economist, Georgist:

http://www.masongaffney.org/essays/Denying_Inflation--Who_Why_and_How_12_2005.pdf

Shane Mage wrote:
> On Jan 20, 2008, at 3:05 PM, Doug Henwood wrote:
>> ...The CPI may understate inflation by a point or so, and almost
>> all the revisions and suggested revisions have been in the
>> direction of lowering reported inflation, but it's far from
>> "bogus."...
>
>
> "A point or so" each year doesn't sound like much, but over the 15
> years since the first Clinton presidency that amounts to about 20
> percent. Those of



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