To the Editor:
If you believe the latest government figures on unemployment (6.7 percent) and inflation or consumer price index (about 1 percent), I have some land in Florida I’ll sell you by quick claim deed.
I believe everyone not in a hospital or in a wheelchair between 18 and 65 should be considered unemployed. Maybe our computers cannot count that high.
Inflation or CPI of 1 percent – they don’t count food and fuel. And according to Time, medical expense is only 1 percent of the average family expense. What do they count as family expense? In the mid-1990s, they changed the way inflation is calculated for Social Security. We would be getting about 40 percent more under the old system.
An article in the Wall Street Journal by Mary O’Grady says that Argentina has been playing with the numbers longer than the U.S. Officially, inflation is a 10.5 percent. There are private research people who put the inflation at 30 percent. Interest rates are so high I cannot find them listed in the financial papers. Police in the city of Cordoba went on strike. Looters looted more than 1,000 stores until finally the police got their 33 percent raise. Gentlemen, keep those guns handy.
Walter J. Steffens