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The reason the government lies on inflation isn't 2024 politics. Much older reason: 1) High inflation in 1960-1970s from stagflation 2) 1973 "COLAs" Law was pas
by seaourfreed 2y ago
The reason the government lies on inflation isn't 2024 politics. Much older reason:
1) High inflation in 1960-1970s from stagflation
2) 1973 "COLAs" Law was passed, forcing increases in social security when inflation happens
3) By 1983, the US gov mathematically couldn't give those increases. Inflation raged across 1970s. So the government rigged CPI (inflation) numbers, by changing models
4) ShadowStats.com gives details and historic numbers
5) Lying about inflation numbers helped every politician from 1983 until now.
6) But citizens know the truth when they run out of money paying bills mid-month when they used to be able to pay for everything.