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This article starts by pointing out what everyone knows (inflation is currently higher than everyone wants), but then jumps into an incoherent diatribe claiming
by cs702 5y ago
This article starts by pointing out what everyone knows (inflation is currently higher than everyone wants), but then jumps into an incoherent diatribe claiming the federal government is lying about inflation, which implies there's some kind of large-scale conspiracy. That's... not even wrong.
The BLS computes multiple inflation statistics, many of which include food energy, and the methodology and data used for computing the statistics are not just 100% transparent, they are also well documented. Don't trust my word for it. Here's a link to a BLS page with links to the different kinds of inflation statistics they track: https://www.bls.gov/bls/inflation.htm https://www.bls.gov/bls/inflation.htm
Moreover, it's remarkably easy to compare two or more of these inflation statistics over time. For example, here's a long-term comparison of inflation in cities with and without food and energy: https://fred.stlouisfed.org/graph/?g=8dGq# https://fred.stlouisfed.org/graph/?g=8dGq# -- as anyone can see, over the long-run, the two statistics are pretty close, but the one including food and energy has pointier spikes. Which is why the BLS tracks both.
If I had to make a guess, I would say the individual who wrote this is highly educated in the humanities, but either (a) is poorly educated in the language of science, i.e., mathematics, and therefore unable to understand what he's writing about, or (b) is ideologically motivated, and as we all know, ideology is antithetical to the pursuit of truth.