One such metric is the CPI calculation, which the Government began manipulating right after Nixon closed the gold window in 1971. Arthur Burns, then Fed Chairman, devised rationals for using data which ultimately underestimated the Government-reported inflation statistic. With each successive Presidential Administration and Fed Chairman, this manipulation of reported inflation became more blatant, absurd and unequivically disconnected from a real meaure of price deflation, and its tautological twin, dollar devaluation.
Williams recently showed that IF the Obama Administration were, in the spirit of restoring the honesty in Government that Obama promised during his election campaign
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