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Instarevelation: “Inflation Actually Near 10% Using Older Measure”

2011/04/13

As if we didn’t know.

Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.

“…Because if we were using that old system, inflation would be really bad.”

Hey, under the Obama-Geithner-Bernanke regime, you know you’re in the very best of hands.  These fools are punch-lines to dark jokes that just write themselves.

[Our take:  File InstaPundit blog under “Things That Don’t Suck.”]

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4 Comments leave one →
  1. Libertarian Advocate permalink
    2011/04/14 23:25

    Apparently, we’re not the hopelessly stoooopid dolts BOTUS and Turbo Timmy think we are….

    See e.g.: http://libertarianadvocate.blogspot.com/2011/04/news-from-obamaphate-turning-point-and.html

    Payback’s a beeetch …..

  2. DaninVan permalink
    2011/04/15 05:00

    Ran; Someone recently pointed out that Gold (and Silver) have the same value as they always have, adjusted like everything else for inflation; it’s currency that rises or falls against the Gold ‘standard’ whether or not governments accept that there is one.
    Keeping that in mind, it’s ok to be very very concerned…

    • 2011/04/15 11:19

      Hey Dan,
      Milton Friedman pointed out that inflation is a monetary phenomenon. May have been him. I read years ago about the US gold coin: In the early 20th century, it was worth $20 and would buy you a good bespoke men’s suit. Today, all one can buy with a US gold coin is a decent custom three-piece. Uh, hold on…

      Great to see you again. Happy Passover!

  3. DaninVan permalink
    2011/04/15 14:54

    Bingo! And Ditto!! 🙂

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