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The site shadowstats.com, which is one of the granddaddies of the "inflation stats are rigged" claims, says that it "unrigs" government inflation statistics. It
by ProjectArcturis 2y ago
The site shadowstats.com, which is one of the granddaddies of the "inflation stats are rigged" claims, says that it "unrigs" government inflation statistics. It does this by simply adding 10%.
Ironically, the cost of membership at shadowstats has stayed unchanged since 2008.
- RockyMcNuts 2y agoIf real inflation were 10% higher than the government is reporting, then real GDP reported to be growing say 3% would be shrinking 7% per year. (We have fairly accurate numbers on nominal GDP from retail sales, sales taxes, corporate accounting etc.) Over 10 years people's standard of living would drop by 1/2. It's safe to say that has not been happening.
- ProjectArcturis 2y agoYes, obviously.