Inflation Truthers

[BlueStreak]

Originally Posted by bobabode

http://www.latimes.com/business/hilt...23-column.html

Catchy name for easily debunked frightwing meme.

"The invaluable Barry Ritholtz labels them cranks, which seems pretty fair, even charitable. But even James Pethokoukis of the American Enterprise Institute is unnerved by the degree that "conspiracy theories that government is manipulating the data to hide skyrocketing prices" have moved into the mainstream of rightist thought.
Pethokoukis points his finger at Amity Shlaes of National Review, whose effort to revive the economic reputations of Calvin Coolidge and Herbert Hoover now encompasses two volumes. Earlier this month, Shlaes yoked some casual personal observations to the work of a discredited inflation truther to suggest that "inflation is higher than what the official data suggest."
And so a meme is born." LATimes

Yes, and the "real" unemployment is at 68% and 48% of Americans polled admitted to having resorted to cannibalism since Obama took office and.....................

Whatever.

Dave