Quote:
Originally Posted by Lenny2
The fact that you think Greenspan is a crock, combined with the fact that you can't put together intelligible sentences in English, disqualifies you from this conversation.
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the fact is, there is no inflation in the US
And of course, on the statistics, people don’t understand the way government statistics work . And most people will concede that politicians lie. They lie to get elected – everybody knows that – they say what they have to say, so I don’t know why people assume that once they get elected they stop lying. I mean that’s all they do. Once you get elected your job is to stay in office. And the way politicians stay in office, is to present a rosy scenario. And so what these guys do is they
constantly change the way that economic statistics are calculated so that they can give a better result; so the politicians can point up to these dumbed up statistics as evidence that things have gotten better while they have been in office.
eg.
So they constantly change and redefine how things are measured. So the unemployment rate, for example, today, is calculated far differently than it was in the past;
if they calculated unemployment during the Great Depression the way we do it now, they would probably have had very little unemployment then either They calculate GDP differently. There are a lot of things calculated as part of GNP that 5 years ago, 10 years ago, 20 years ago would not have been counted. Everything has changed, so when they compare a number today to one 20 years ago, it’s completely irrelevant comparisons because they’re not doing it the same way.
and its same with inflation statistics.
Lenny, you are tool, if you belive in what goverment tell you.