Zeev's Turnips Patch-No Politics (ZEEV)

[osprey]

My translation of the PPI/CPI calculation procedure. The government statistics are all cooked. No point in making the simple complicated.

The inflation figure is crispy fried, boiled, and then baked. This is because social security and other COLA payments are indexed to the so-called inflation rate. The government is broke and this saves them lots and lots of money.

In the science biz, this is known as GIGO, garbage in, garbage out. It doesn't work unless your objective is to hide reality and hide from it. That works sort of. I always wonder if someone somewhere is keeping another set of books, the real ones that actually say what is going on.