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Author Topic: bitter old Vermontese cali primitive whines about inflation  (Read 823 times)

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Offline franksolich

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bitter old Vermontese cali primitive whines about inflation
« on: February 12, 2011, 11:55:10 AM »
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x402896

Oh my.

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cali (1000+ posts)        Sat Feb-12-11 11:27 AM
THE BITTER OLD VERMONTESE CALI PRIMITIVE
Original message

Rotten to the core: Food and energy inflation cannot be ignored

PORT WASHINGTON, N.Y. (MarketWatch) — It’s time to look at all prices — including food and energy.

One of the biggest canards ever to be foisted on the American people is the notion that removing food and energy from the price indexes provides a clearer picture of inflation.

In reality, it’s just the opposite.

The so-called “core” rate of inflation (the headline price indexes minus food and energy) is grossly misleading. It was designed in the 1970s to take our eyes off what’s really happening to prices so the Federal Reserve could maintain an ultra-easy monetary policy.

Guess what? This is exactly what the Fed is using it for today.

Taking food and energy out of the price indexes was the brainstorm of the then-Fed chairman, Arthur Burns. He was looking for a rationale to keep policy easy in order to help Richard Nixon’s bid to be re-elected president, back in 1972.

Burns reasoned that no amount of money created by the Fed could produce one bushel of wheat or one barrel of oil. Their prices related mainly to such exogenous factors as the weather and geopolitics. As such, they have nothing to do with the state of the economy.

<snip>

http://www.marketwatch.com/story/inflation-numbers-are-...

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Lindsay  (1000+ posts)      Sat Feb-12-11 11:31 AM
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1. This is one of the most appalling ways our government lies to us consistently.

And who's right now in charge of our government?
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apres moi, le deluge

Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline jukin

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Re: bitter old Vermontese cali primitive whines about inflation
« Reply #1 on: February 12, 2011, 12:08:30 PM »
Just wait until your boy Obama gets his energy regulations and taxes through.

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When you are the beneficiary of someone’s kindness and generosity, it produces a sense of gratitude and community.

When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.

Offline JohnnyReb

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Re: bitter old Vermontese cali primitive whines about inflation
« Reply #2 on: February 12, 2011, 12:08:54 PM »
Quote from: franksolich on February 12, 2011, 11:55:10 AM
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x402896

Oh my.

And who's right now in charge of our government?

King Obama's plan for America.

1-Run up massive debt we can't pay.

2-break country.

3-install socialism/communism.

4-inflat prices until everyone is broke/penniless.

5-use deflated dollars to pay debt.

6-kill useful idiots....may come before #5 or anytime after #3 because DUmmies are already broke..
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"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin
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