Is the Bank of Canada About To Be Pawned With Its Low-Inflation Douple-Speak?

Posted: April 22, 2008 in Your Shelter
Tags: , , , ,

” Despite persistent low inflation, aggressive rate cut by Bank of Canada not without risk, economists warn “
  1. canuck99 says:

    Or maybe, just maybe, the truth is that this ‘low inflation’ mantra is a complete crock, that real inflation is at least double what the bureaucrats say it is, and that these regularly-scheduled little white lies are getting out of control. Anyone interested in how government bureaucrats took a perfectly good metric for price inflation, the consumer price index, that worked so well for about 50 years, and using stupid games like ‘hedonics’ turned it into a totally meaningless number (“core” inflation omits such unnecessary items as food, shelter and energy) should check out

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