The "Twelve Days of Christmas" inflation index reflects economic reality in a weird way. As the price of goods, especially poultry, rapidly climbs, wages for those maids-a-milking remain stagnant.
Read more here.
Thursday, November 29, 2012
The cost of Christmas
The cost of items in the classic song "The Twelve Days of Christmas" have gone up again. Why should you care how much "7 Swans a Swimming" or "5 Golden Rings" costs? Because your government is telling you there is no inflation. If that were true, the cost of these items would not be increasing.
The "Twelve Days of Christmas" inflation index reflects economic reality in a weird way. As the price of goods, especially poultry, rapidly climbs, wages for those maids-a-milking remain stagnant.
Read more here.
The "Twelve Days of Christmas" inflation index reflects economic reality in a weird way. As the price of goods, especially poultry, rapidly climbs, wages for those maids-a-milking remain stagnant.
Read more here.
