Robert Heinlein once said that every story you read in the paper is invariably true, except for that rare story in which you witnessed the event yourself.
While I was living in Los Angeles an old contracting officer explained to me how the official inflation numbers were thoroughly cooked. This fellow was no lightweight - when the government purchased a GPS satellite, he was the one who signed the check. It started me thinking and doing some research.
It doesn't end there with the CPI. Debt, terrorism, unemployment, the climate... the list goes on and on. I'll present some of the information here, and hopefully it will build some healthy scepticism in your mind about what you hear and see in the press.
The Real CPI
Consider that we have a surrogate foreign workforce in Asia numbering in the millions - who are looking shortly to be unemployed. In the 1930's they would have been included in the unemployment rate since most of our goods were domestically produced.
Time would fail me to discuss the methods by which these figures are massaged, twisted, or pulled out of thin air. The main point here is that most of the "statistics" that are being reported are off by a significant amount. Be sceptical.
- Hugh Farnham
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