“One idea under discussion in the current talks to cut the deficit enough to pass a debt-ceiling increase is to use a different version of the consumer price index to adjust tax brackets and Social Security benefits for inflation. It would be an index that rises more slowly.” Wall Street Journal
And that made-up CPI would make it even harder to figure out what’s going on with inflation. Double-win for government.
FEE Timely Classic
“What’s Up With Inflation?” by Warren C. Gibson