CPI lies

"Richard Newell" <richard@n...> wrote:

If I lived any time and place other than America post 1982, I might agree

with them.<<

OK, I bite. What happed in 1982 that changed your mind? <

1982 was the year that Paul Volcker validated Milton Friedman's theory that
inflation is a monetary phenomenon, disproving the idea of a "core
inflation" rate derived from "inflationary expectations" or oil prices or
whatever.

This graph is at
http://www.agecon.purdue.edu/academic/agec217/deboer/graphs/Infl61.JPG:

<http://rds.yahoo.com/S=96062883/K=inflation+graph/v=2/SID=e/TID=I052_84/l=I
VS/SIG=12qas37i7/EXP=1124123895/*-http%3A//www.agecon.purdue.edu/academic/ag
ec217/deboer/graphs/Infl61.JPG>

(Attachment Infl61.JPG is missing)