The shocking truth about inflation
"the U.S. Department of Labor's Bureau of Labor Statistics reported in August 2007 a remarkably low inflation rate of only 1.7 percent.
Solving this riddle – that is, why everything costs so much when the government tells us inflation rates are low – is simple:
The Bureau of Labor Statistics lies.
Inflation numbers are intentionally manipulated to keep cost-of-living numbers low.
If the average chief executive officer cooked balance sheet numbers the way the U.S. Bureau of Labor Statistics calculates the Consumer Price Index, the CEO would be in jail, even without Sarbanes-Oxley reporting standards."
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