stealth inflation

Urban Economic Legends

Urban Economic Legends

I really like the “Mythbusters”  TV show, perhaps because the 13-year-old still lurking inside me loves seeing watermelons explode in the interest of science. Anyway, here are several of my favorite urban economic legends, some of which contain a grain of truth. ANY CHARACTER HERE The Social Security Annual COLA Excludes Food and Energy Completely [...]

STEALTH INFLATION: The Case of the Missing Sausage

STEALTH INFLATION: The Case of the Missing Sausage

Doesn’t it really annoy you to discover that the manufacturer has reduced the weight of your favorite box of cookies or brand of coffee as a sneaky way of raising the price? This is truly stealth inflation . But is it captured by the government’s official measures such as the Consumer Price Index (CPI)? ANY [...]

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