When we have an over-inflated tire, we know that over-inflation will cause a Blowout, while deflation results in a flat tire – those are clear and simple definitions which don’t require a genius to understand. Driving on a flat tire will destroy the tire and the rim will soon follow. One would think that even a bureaucrat would grasp that, but we can only imagine that’s “too simple”.
From the Burning Platform: We all know the BLS artificially suppresses the CPI through bullshit substitution adjustments, quality adjustments, and various other incomprehensible hedonic adjustments made by government apparatchiks at the behest of their politician bosses. Some obscure theoretical academic calculation called owners equivalent rent accounts for almost a quarter of the CPI weighting.
I am trying to subscribe to Bob Livingston’s posts and thoughts. Every day I’ve been wading thru his Personal Liberty Digest, but am finding that usually it’s Bob Livingston who has it right; at the PLB, not so much. But at his newsletter, if you don’t buy something, seems one can’t subscribe. That just doesn’t fit my old-man circumstances!
Below is the current post at BobLivingston.com
I’ve copied the post but cut the sales pitch – if you wish, you can go to his website.
Hazlitt lost his job with the Washigton Times because he knew and openly said that the entire operation of the 1944 Btetton Woods agreement which created the IMF and the World Bank was against liberty.
“There is literally nothing left to the financial system but rigged statistics, false promises, and ever expanding debt. In fact, the concept of debt creation is the only thing holding our facade of an economy together.You and I probably find this rather strange. I have come across many mainstream economic acolytes and cultists in recent months who disregard ALL logic and reason, forsaking the realities of demand based trade and immersing themselves in a grand delusion in which central bank generated debt and inflation are the real source of “prosperity”.
No taxes could be levied at the federal level.