Official economic data are often wrong, but subtly so
Sometimes manipulated, more often expressing half-truths, and mostly misinterpreted: economic statistics are never an absolute truth.
Sometimes manipulated, more often expressing half-truths, and mostly misinterpreted: economic statistics are never an absolute truth.
Inflation never disappeared; it is only misstated. Its true definition would be the loss of purchasing power suffered by revenues not indexed to stock markets. This two-tiered purchasing power is bad for growth.
Les salariés ont toujours moins de pouvoir d’achat que les investisseurs, car seuls ces derniers sont subventionnés par les banques centrales. L’inflation d’aujourd’hui, c’est la dépréciation subie par les revenus non indexés à la bourse.