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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"
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[quote=Anonymous]It’s twice that amount. They totally discount housing/rent which they have at 6 percent. It’s 20 percent up. The government lies about inflation because they have a million reasons to. 1) inflation is a tax without politicians having to vote for one 2) it holds down increases in social security payments 3) it holds down salary increases for feds 4) it keeps people from hating the government 5) it makes budget crippling interest rates from being raised and destroying the ability to pay 30 trillion debt service 6) it shrinks the effective size of the debt without having to pay inflation related interest rates. In no way should the government be the authority on the inflation rate. It’s like students grading themselves. [/quote]
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