What this newspaper ignoramus is saying is that he is some big blowhard expert on economics, but yet he is not remotely aware of the any of the constant jiggling of the CPI over the decades by the corrupt government trying to destroy the inflationary evidence of its gross mismanagement of the economy, culminating in the despicable actions of the odious Alan Greenspan and the equally despicable Michael Boskin in the '90s to introduce such bizarre, inflation-concealing concepts such as "the substitution effect", "the wealth effect", and "quality improvement (hedonic) effects", so that the Consumer Price Index now has only a vague, passing resemblance to real inflation in prices.
An economics lesson in one (long) sentence by the Mogambo Guru.
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