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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (45500)2/3/1999 8:55:00 AM
From: Terry Whitman  Read Replies (5) of 132070
 
Read this interesting piece this morning. worldnetdaily.com

This statement especially caught my eye:

<The stock market is propped up by the economic news, which is largely misstated. Economist Walter J. Williams, who runs the Shadow Bureau of Government Statistics in Hawthorne, N.J., reports that our annual inflation is not 1.6 percent, but 4.1 percent over last year if you use pre-Clinton methodology.>

Is he full of hot air (No explanation is really given). Anyone have some facts to back this statement up?

I have been suspecting this to be the case, but I am told by my co-worker that you really can't find out how the gov't calculates the CPI. They don't want this to be known..

TW
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