Voters Were Right About the Economy. The Data Was Wrong.

[Wiz Imp]

9. I'm not going to bother spending significant time on it because a dishonest hack like this

isn't worth it. But you want an egregious example of his being full of shit? There's this:

He says: "If prices for eggs, insurance premiums and studio apartment leases rise at a faster clip than those of luxury goods and second homes, the CPI underestimates the impact of inflation on the bulk of Americans. That, of course, is exactly what has happened."

That is a 100% false statement. Prices for eggs, insurance premiums and apartment leases ARE included in the CPI. Prices for luxury goods and second homes ARE NOT. He is flat out lying to readers. That alone is enough for me to know that he is a dishonest piece of shit. Also, Most analysts believe CPI overstates inflation.

According to the information available, luxury goods are generally not directly included in the Consumer Price Index (CPI) as the CPI focuses on a basket of goods representing average consumer spending, and high-end luxury items are considered too niche to accurately reflect broader price trends;

According to most economic research, the Consumer Price Index (CPI) generally overestimates the true rate of inflation, meaning it tends to show a higher increase in prices than what consumers actually experience due to factors like substitution bias and quality improvements in goods and services.

https://backup.ons.gov.uk/wp-content/uploads/sites/3/2024/03/Consumer-price-inflation-basket-of-goods-and-services-2024.pdf