it’s real money too. TIPS will be a mess if the WH starts manipulating the CPI. BLS does the employment and inflation data.
it’s real money too. TIPS will be a mess if the WH starts manipulating the CPI. BLS does the employment and inflation data.
yes, I agree - but I see this as part of a) (technocratic decision-making with eg index-adjusted benefits) and then presumably b) (if things get too bad, people will start changing votes).