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Tag: Price Inflation

Baseball in Extra Innings: The Wish without the Will – Frederick J. Sheehan

My ticket to the seventh game of the 1967 World Series between the Boston Red Sox and St. Louis Cardinals cost $8.00. That was in the grandstand. The price of the same seat, for the 2013 World Series between the Boston Red Sox and St. Louis Cardinals (at Fenway Park in Boston), is $300.00. The inflation of words is bound to the inflation of prices. The grandstand is now called the “right field boxes.” It looks as though box seats, which were front-and-center, not extending far beyond the home and visiting team dugouts, now run to the right-field, bull pen.

When the Scales Fall- Frederick Sheehan

The U.S. government is losing credibility. That is both an obvious and a useless observation without a sense of the consequences. Maybe, there are none. Maybe, the accumulating doubt concerning Benghazi, IRS intrusions, and NSA confiscation of privacy are wearing thin. If the latter proves correct, how will the people express their disillusion: “Voting with their feet,” so to speak? A glaring vulnerability is the gap between falling income and inflation. The government’s numbers are propaganda, and seem to have worked. The Fed, Bureau of Labor Statistics, reporters, and the academics who are paid to polish Goebbelism into a scholastic veneer, state that annual price inflation is short of 2%. John Williams, proprietor of Shadow Stats, estimates that if the Bureau of Labor Statistics used the same methodology for calculating the CPI as in 1980, the monthly figure released and disseminated to the public would be 9.4% (as of November, 2012).

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