Replies to post #321504 on 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.

[basserdan]

Nice article, Dan. Let me translate the key footnote for ease of reading:

Dense and obfuscatory phrasing in significant, purportedly factual communications to the public is a key element of government's strategy for keeping the borrow/tax/spend/confidence game going. I doubt it fools many pros, but it discourages JQP from even reading this stuff and tends to keep media faces/voices from understanding what they're reporting.
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Very well put, que seria, and I appreciate your comment.

That is exactly why I post this kind of stuff here as well as sending it to everyone on my 'mailing list.'

Fwiw, I find most of your 'stuff' on SI to be some of the best reading in all of postdom.

What I find the most puzzling is that 'none' of the mainstream media seems interested in telling it the way it is.

If you agree, can you proffer a guess as to why you think that is the case?

They can't all be that worried w/r to the 'consequences' of some form of Big Brother reprisal, can they?

On the other hand, perhaps the media is merely adhering to the old "ignorance is bliss' mantra and they merely wish to see the populace remain "blissful." <ng>