The subscription price of hyperinflation-predicting ShadowStats hasn't changed in 8 years
Awhile ago I poked fun at Tim Cavanaugh for speculating that inflation is much higher than official numbers suggest. There's a whole stat-juking cottage industry working to support this conclusion, most prominently the website ShadowStats. As my colleague John Aziz points out, their methodology with respect to inflation is to take the consumer price index and tack on a few points, so unsurprisingly they show inflation as being quite high.
As Matt O'Brien points out today, the most convincing argument against this is that it implies the economy has been in continuous recession since 1988. However, Cullen Roche noticed something that is perhaps even more telling — ShadowStats itself hasn't changed its subscription price in 8 years:
A bargain at any price!
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Ryan Cooper is a national correspondent at TheWeek.com. His work has appeared in the Washington Monthly, The New Republic, and the Washington Post.
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