Bending the Third Rail
Because We Should, We Can, We Do
Monday, March 05, 2007
Deflated Inflation
Tim at "The Mess That Greenspan Made" has a couple of charts up today that give a great example of just how funky government reporting of inflation really is.

First, let's have a look at what has been happening to the prices of television sets:

Wow! That's cool! Prices are falling and good times are here!

But wait a minute, then there's this chart of the cost of admission to movies, concerts and theatre's:



That is up a bit, but when you take the two and average them out ... voila' .... no inflation!