> it pulls out the CPI but then ties all sorts of things not measured by the
> CPI to the Fed's purported mis-reading of it and its meaning,
*************************************
On which commodities have prices deflated in the USA, other than the prices of various labour powers?
SS recipients need to know, as their payments are tied to the CPI and they won't be getting an increase again this year, zero, just like last year. I can't think of one thing I purchase which has gone down in price from the dreaded 'deflation' while I can think of plenty of things which have increased in price.
Just asking, Mike B)
*********************************************************************** When classwide solidarity is a crime, the mask of democracy is removed to reveal the ugly face of capitalist dictatorship. http://wobblytimes.blogspot.com/