I’ve finally gotten a chance to read through some of John
Williams’ website Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting. It’s an horrible title – to me it connotes fringe wacko theories about FEMA and Mt. Weather. It is, in fact, conclusive academic analysis of some of the nagging suspicions I’ve had for years – that the cost of living in this country is increasing at a far greater pace than the CPI would lead us to believe.
The chart at the beginning of this post is a good example of how vastly inaccurate BLS figures might be, depending on how the data is collected and interpreted.