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To: Tradelite who wrote (144617)1/18/2002 12:17:00 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<If measurements were made the same way they were decades ago and didn't evolve and metamorphose from time to time, they probably wouldn't be very useful to the people who rely on them. >

Yes, but you're not addressing his assertion... that these changes [not their reporting] ARE political and HAVE distorted their meaning....

Comments?

DAK



To: Tradelite who wrote (144617)1/18/2002 12:28:41 PM
From: Earlie  Read Replies (1) | Respond to of 436258
 
Tradelite:

Surely you couldn't have inferred that from my post. (VBG)

I am sure that those 19 changes, all of which caused the rate of inflation to move lower, were all badly needed adjustments. Unfortunately, when the calculation method changes so frequently, and over such a short time frame, one could easily jump to obvious conclusions. Especially when one sees that same government messing with currencies and manipulating the price of gold through variious "leasing operations", etc..

I note that you chose not to reference the GDP and "hedonic pricing". (g)
Best, Earlie



To: Tradelite who wrote (144617)1/18/2002 12:50:04 PM
From: Les H  Read Replies (2) | Respond to of 436258
 
You need only look at the income tax tables, the social security, and the federal pay raises to see that political motivation is at the core of the CPI. The indexation of income tax brackets use the CPI. The indexation of social security payouts use the CPI. The indexation of social security tax ceilings rise by 5-7 percent per year. The indexation of federal pay scales is about 4-5 percent. In every case, they try to maximize tax receipts and minimize payouts to beneficiaries, while not holding themselves to the same standard.