Agorism
04-14-2011, 07:18 PM
Inflation Actually Near 10% Using Older Measure (one used when Volcker was in office)
http://www.cnbc.com/id/42551209
ter former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation. Using the methodology in place at that time puts the CPI back near those levels.
http://www.cnbc.com/id/42551209
ter former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation. Using the methodology in place at that time puts the CPI back near those levels.