Peter Schiff on Unacknowledged Inflation (video in link)Submitted by fonzdrew on Fri, 01/11/2013 - 22:09
Here's a video from investment guru and author Peter Schiff which argues that the federal government chronically undercounts inflation.
It's an interesting piece, whether you agree with Schiff that consumer prices are obviously rising faster than official inflation rates calculated by the Bureau of Labor Statistics (just going to the BLS' website is enough to convince you they have no idea of what they're doing). The rate for November 2012 came in under 2 percent and Ben Bernanke has pledged to keep money loose as a goose as long as the inflation rates stays below 2.5 percent or so.
Continue reading (video)