Washington Detached From Reality Producing Phony Inflation Statistics

Economics / Inflation
Apr 26, 2010 - 07:06 AM

By: Larry_Edelson

Our leaders in Washington are so detached from reality, I am thoroughly convinced that they are smoking something.

And I’m not talking about the insane amounts of spending that’s going on in our capital, or even about the patently unpayable debts and promises they’re making to all of us and our foreign creditors. Although I think these things, too, result from whatever drugs they’re on inside the beltway.

No, what I am referring to here is the way Washington manipulates its official statistics.

Consider the absurdly bizarre inflation figures Washington puts out each month.

Case in point: March’s Consumer Price Index (CPI) data. The so-called “coreâ€