Excluding food and energy from the overall inflation calculation is absolutely ludicrous and disingenuous to say the least! What a scam to fool the mostly unaware masses.
What bugs me most is that every member of the Federal Reserve Board is essentially saying: "We have to violate one of our mandates in order to fulfill the other. Please avert your prying eyes."
Placing current inflation on an “apples to apples” basis to make historical comparisons: if today’s inflation rate were calculated using the same methodology that was used in the Carter years, today’s inflation rate would be approximately 17%.
Excluding food and energy from the overall inflation calculation is absolutely ludicrous and disingenuous to say the least! What a scam to fool the mostly unaware masses.
What bugs me most is that every member of the Federal Reserve Board is essentially saying: "We have to violate one of our mandates in order to fulfill the other. Please avert your prying eyes."
Placing current inflation on an “apples to apples” basis to make historical comparisons: if today’s inflation rate were calculated using the same methodology that was used in the Carter years, today’s inflation rate would be approximately 17%.
http://www.shadowstats.com/alternate_data/inflation-charts