The Rule of 72:
72 / interest rate = number of years to double money.
Right now, at CPI 7% the price of goods will double in about 10 years. Of course, thus actually means that the value of the FRN will be cut in half in 10 years (assuming a constant CPI of 7%... and assuming the CPI is an...
Media hit piece on John Williams:
http://www.businessweek.com/news/2012-04-19/cpi-conspiracy-theories-persist-even-with-broad-checks
They must be getting worried.
Government tweaks the formulas for calculating their metrics so it's difficult to compare current indices against historical data. Fortunately John Williams (not the music composer) compiles the stats using the original/traditional formulas:
http://www.shadowstats.com/alternate_data
Money...
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