To: Mulder
The *real* rate of inflation is anywhere from 6% to 10% depending on who you ask.So, the general level of prices is rising 6% to 10%? And you're the only one who noticed? Wow, you're good!
93 posted on
12/03/2005 10:56:28 AM PST by
Toddsterpatriot
(The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
To: Toddsterpatriot
So, the general level of prices is rising 6% to 10%? And you're the only one who noticed? Wow, you're good! Yes. The real annual rate of inflation is 6-10%. Housing is up well over that. Medical and education are increasing at a rate in the high single digits. M3 (the money supply) is up 6%. Energy prices are up well over 10%. The AIG commodity index is up 13%. And so on.
The government understates the real rate of inflation since this allows them to decrease the annual COLAs and increase the GDP numbers.
94 posted on
12/03/2005 5:09:21 PM PST by
Mulder
(“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
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