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To: BGR who wrote (38938)6/10/2000 12:25:00 PM
From: Ilaine  Read Replies (2) | Respond to of 42523
 
LOL! I didn't say it was "hard to prove conclusively", I said I couldn't prove it in a court of law without an economist, and those don't come cheap. But I don't need to hire an economist for the court of public opinion - they are willing to share their opinions publicly. I can't think of any better proof, myself, than the fact that Federal Reserve Chairman Alan Greenspan has commented publicly that the BLS statistics are unreliable, nor the fact that reputable economists have questioned BLS statistical methods and results, publicly.



To: BGR who wrote (38938)6/10/2000 11:52:00 PM
From: LLCF  Read Replies (2) | Respond to of 42523
 
<This is what I am saying, if it is so hard to prove it conclusively, perhaps the thread participants should ease down on their repeated claim that the BLS fudges data.>

What, highly intelligent people can't put their opinions foreward?? Boy, you are tougher than the FDA :)

DAK



To: BGR who wrote (38938)6/11/2000 2:43:00 PM
From: Les H  Read Replies (1) | Respond to of 42523
 
It isn't too difficult to make the claim that the BLS fudges the price data. All of their pricing adjustments, such as hedonic pricing and substitutions, are downward price adjustments. There are no adjustment strategies that are applied that account for upward mobility in pricing as so happens during an economic expansion.