{"id":192769,"date":"2009-02-23T18:22:00","date_gmt":"2009-02-23T23:22:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/23\/the-mess-that-greenspan-made-the-great-inflation-moderation-that-wasnt\/"},"modified":"2009-02-23T18:22:00","modified_gmt":"2009-02-23T23:22:00","slug":"the-mess-that-greenspan-made-the-great-inflation-moderation-that-wasnt","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/23\/the-mess-that-greenspan-made-the-great-inflation-moderation-that-wasnt\/","title":{"rendered":"The Mess That Greenspan Made: The Great Inflation Moderation that Wasn&#8217;t"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/img5.imageshack.us\/img5\/1736\/090217bcpiwithoerorcshp.png\" style=\"margin: 0px 10px 10px 0px; float: right; cursor: pointer;\" width=\"375\" \/>Tim at <a href=\"http:\/\/themessthatgreenspanmade.blogspot.com\/2009\/02\/great-inflation-moderation-that-wasnt.html\">The Mess That Greenspan Made<\/a> has a great post on how the Federal Reserve, and Alan &#8220;Bubbles&#8221; Greenspan, succeeded in making a laughing stock of inflation results through the use of imputed rent (owner&#8217;s equivalent rent) in the CPI data.<\/p>\n<p>Not only is inflation higher, but the swings in inflation, driven as they are by the aggressive policies of the Federal Reserve to <del>drive down wages<\/del> manage inflation, are much more extreme.<\/p>\n<p>In essence, as <a href=\"http:\/\/40yrs.blogspot.com\/2008\/08\/bad-government-statistics-owners.html\">I&#8217;ve noted before<\/a> the Fed has made itself look good.<\/p>\n<p>BTW, you can get more information, in mind numbing detail, from <a href=\"http:\/\/www.shadowstats.com\/\">Shadow Stats<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tim at The Mess That Greenspan Made has a great post on how the Federal Reserve, and Alan &#8220;Bubbles&#8221; Greenspan, succeeded in making a laughing stock of inflation results through the use of imputed rent (owner&#8217;s equivalent rent) in the CPI data. Not only is inflation higher, but the swings in inflation, driven as they &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1200,1088,992],"tags":[],"class_list":["post-192769","post","type-post","status-publish","format-standard","hentry","category-inflation","category-real-estate","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192769"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192769"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192769\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}