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That's all fine and dandy if you think the BLS CPI isn't gamed. I happen to think that they change it enough that it's nearly meaningless to talk about "growth
by msandford 13y ago
That's all fine and dandy if you think the BLS CPI isn't gamed. I happen to think that they change it enough that it's nearly meaningless to talk about "growth" for the last 20-40 years. When the inflation rate and the growth rate as as close to one another as they are all you need is a small error calculating CPI and suddenly mild increase turns into mild decrease.