Trump administration cooked the books

[(Still) muted by Kalwejt until March 31]

Easy, just have the CPI be even more cooked than it already is. Inflation is around 10% these days by old methodology, but the government decided it wanted much lower.

http://www.cnbc.com/id/42551209

That's from 2011 and CPI used to take food and oil much more into account. If we used the same measurement in 2015, we'd see huge deflation

Nope, it's around 10% according to the 1980 methodology.



The 1990 methodology has about 6%.

-Nonsense. If anything, inflation is overestimated. ShadowStats is a bogus website.

[(Still) muted by Kalwejt until March 31]

People who think inflation is 10% don't know what 10% inflation is even remotely like. Nominal GDP growth is less than 5%. Is the U.S. economy shrinking by 5% per year? LOL.

[(Still) muted by Kalwejt until March 31]

The only reason 3-3.5% real growth is somehow doubtful is because of baby boomer aging. But, even under normal productivity growth (not the awful productivity stagnation we've seen in the Age of Obama), these numbers should be attainable.

[(Still) muted by Kalwejt until March 31]

Easy, just have the CPI be even more cooked than it already is. Inflation is around 10% these days by old methodology, but the government decided it wanted much lower.

http://www.cnbc.com/id/42551209

That's from 2011 and CPI used to take food and oil much more into account. If we used the same measurement in 2015, we'd see huge deflation

Nope, it's around 10% according to the 1980 methodology.



The 1990 methodology has about 6%.

-Nonsense. If anything, inflation is overestimated. ShadowStats is a bogus website.

OK, 10% is too much, but the idea that inflation is only 2% is laughable.

-Not when nominal GDP growth (not even per capita!) is 3%.