4 ms·
The Fed has been fudging the inflation numbers since Moses was in short pants. Here's an explanation on how it's done. https://youtu.be/oP8nCMKJ3nI https://you
by fedreserved 6y ago
The Fed has been fudging the inflation numbers since Moses was in short pants. Here's an explanation on how it's done.
https://youtu.be/oP8nCMKJ3nI https://youtu.be/oP8nCMKJ3nI
Long story short by making inflation appear lower then it is, the tax brackets have stayed lower then they otherwise would, costing tax payers an extra 130 billion over 10 years
- dragonwriter 6y ago> The Fed has been fudging the inflation numbers since Moses was in short pants The Fed hasn’t been around that long, and isn’t even involved in inflation numbers, which come from the Bureau of Economic Analysis in the Department of Commerce.