The Great Inflation Debate
If there's one thing Americans don't like, it's a cheater. And as far as many people are concerned, it's cheating to calculate the rate of inflation by deliberately excluding soaring food and energy prices. After all, the logic goes, we all have to pay for food and energy, so why ignore it when measuring inflation? Is this some kind of conspiracy to ignore the plight of the poor or to make the economy look healthier than it really is?
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