Posted on 07/27/2004 10:40:08 PM PDT by neverdem
www.washingtontimes.com Measuring core inflationBy Alfred TellaPublished July 28, 2004 When the Consumer Price Index is reported every month, the media highlight two numbers: the change in the total index and the change in core prices. The traditional measure of core inflation excludes from the total the volatile components of food and energy. In June, seasonally adjusted core prices for all urban consumers rose 0.1 percent, following a 0.2 increase in May. This was widely interpreted to mean underlying inflation had cooled.
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(Excerpt) Read more at washtimes.com ...
Greenspan's "genius", as I've said before, is to inflate the currency at roughly the same rate as technology is driving the general price level downward, producing an apparent inflation rate of approximately zero, and siphoning off huge amounts of money for government spending without requiring additional taxes. This is, in part, what makes the Bush tax cuts work: the government still gets its cut (by printing it), and people think they're paying less taxes. As long as technology continues to drive down the general price level, no one's the wiser. In fact, it behooves the government to support technology improvement, since the faster technology drives down real prices, the more the goverment can extract through monetary inflation without attracting anyone's attention.
So cutting taxes is just a ploy to give Government more money, and when I get a rate reduction in my income taxes I only think I'm paying less. That is friggin' brillent AZL. How do you do it?
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