Are people really that easily fooled?

“The Biden administration is desperate to get to June when they can start to cycle through the anniversary of the 2021 inflation spike beginning and start to see annual inflation comparisons level off.

The rate of inflation will drop once the statistical year-over-year comparisons reach the same moment in the prior year. The fed will raise interest rates in May and then use the June inflation rate decline as a false talking point to highlight how their policy is working.

They wait for May, because they need to wait for the calendar, nothing else. Inflation is measured as the percentage of change from the prior year. By waiting until the inflation is measured against the first wave of rising prices, it will give the illusion of a decline in inflation.”
– Sundance

[https://theconservativetreehouse.com/blog/2022/04/22/treasury-secretary-yellen-we-will-have-to-put-up-with-inflation-a-while-longer/]

About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. New girlfriend at sixty-five. Was a Tea Party supporter. Today a follower of the Last American President to be honestly elected, Donald J. Trump.
This entry was posted in 2022, Economy. Bookmark the permalink.

1 Response to Are people really that easily fooled?

  1. Dan says:

    They can….and do….lie about lots of things. And many fools believe them. But the price of every day goods skyrocketing is something virtually everyone is seriously affected by and notices . So lying about inflation is the one lie they can NEVER sell.

    Like

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