All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.
-- Arthur Schopenhauer (1788-1860)
Continuing to ignore actual and real world data I see. Funny that even the BLS breakdown shows food and beverages at about 15% of the total - before ignored items like taxes. At least you do recognize some inflation in the last few years from housing, health care, etc. It's a start.
I see - are you asserting that margin compression does not show inflation or that lags aren't a major factor?
*yawn* on inflation being minimal, and mere assertions on future inflation. Cool how you avoided that even if it does drop a point or two or more, it'll still be above 7%. I suppose you buy into the GDP deflator idiocy too, where the prior quarter showed the inflation correction to be the lowest in about a decade?
Too funny - I suppose that it doesn't strike you as odd that the BLS hasn't back corrected the CPI data if its so wonderful with the new & improved Orwellian redefinitions? I suppose that you buy into hedonics, and using geometrics weightings, and doing substitutions (and blowing historical comparisons, let alone the moronic logic of substituting beef for chicken when chicken goes up more), and agree with the Boskin Commission BS, and homeowners equivalent rent (rather than actual prices)... etc etc ad nauseum?
As Schopenhauer said and I remind you:
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.
Good luck - you'll need it. |
