Mises Wire

Facebook icon
LinkedIn icon
Twitter icon
A
A
Home | Blog | Are prices going up or down?

Are prices going up or down?

0 Views
02/19/2010

Over at the Atlantic Daniel Indiviglio writes that the government’s current CPI numbers “should serve as a reminder that inflation isn’t what we should be worrying about at this time.” After all, the index rose only 0.2% in January and fell 0.1% if food and energy are stripped out, the first ngative reading since the 1980’s.

Meanwhile, John Williams at Shadowstats.com reports: “Adjusted to pre-Clinton (1990) methodology, annual CPI eased to roughly 6.0% growth in January from to 6.1% in December, while the SGS-Alternate Consumer Inflation Measure, which reverses gimmicked changes to official CPI reporting methodologies back to 1980, rose to about 9.8% (9.76% for those using the extra digit) in January, versus 9.7% in December.”

Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply , and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.

Image source:

Add Comment

Shield icon wire