> Governments will rather use tricks to lower inflation. Change the definition.
I may agree with the rest, but not with this one. The definition of inflation (or CPI) is owned by the Bureau of Labor Statistics, which is obviously part of the Government. Still, nobody in this bureau will get a bonus or a salary increase, or anything really, if they tweak the definition. Moreover, how many times can the Government change the definition?
I may agree with the rest, but not with this one. The definition of inflation (or CPI) is owned by the Bureau of Labor Statistics, which is obviously part of the Government. Still, nobody in this bureau will get a bonus or a salary increase, or anything really, if they tweak the definition. Moreover, how many times can the Government change the definition?