In the real world, how many people believe that the real inflation rate in the USA is the official 6--8%? These numbers come from the fox that is in charge of the hen house. Government salaries, social security payments, and income tax brackets are tied to the official inflation rate. And of course the government wants to pay back its 31 trillion dollars of debt with devalued dollars. Therefore the government has good solid reasons for lying about the real inflation rate. I think most people will agree with the first paragraph, and in fact, consider it too obvious to belabor. What isn't so obvious is why the government doesn't lie even more? What's to stop them? In a sense, this is cheerful news: your government could be totally corrupt and get away with it, but apparently, it is content to be only half-corrupt. Consider how easy it is to lie more completely. It has become time-honored and respectable for the Federal Reserve to consider an inflation rate that omit
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