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Old Today, 09:19 PM
 
Location: Orange County, CA
1,896 posts, read 1,965,336 times
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Quote:
Originally Posted by Mikala43 View Post
Or are you saying the government is falsifying numbers to make the economy look better than it is?

Interesting.
The government has been doing for decades.

That's what Kevin Philips, former strategist for Richard Nixon basically also stated not only in regards to inflation but also unemployment and economic growth as well:

https://harpers.org/archive/2008/05/numbers-racket/

Quote:
Instead, since the 1960s, Washington has been forced to gull its citizens and creditors by debasing official statistics: the vital instruments with which the vigor and muscle of the American economy are measured. The effect, over the past twenty-five years, has been to create a false sense of economic achievement and rectitude, allowing us to maintain artificially low interest rates, massive government borrowing, and a dangerous reliance on mortgage and financial debt even as real economic growth has been slower than claimed.
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