Editorial

Steve Gardes

The Federal Reserve has been misleading us

There is new information out that lays out a damning case that the Federal Reserve (and other Central Bankers around the globe) don’t have a clue on how to measure inflation. Alan Greenspan, the former head of the Fed’s, admitted last month in an interview at Wharton that “we have a problem with measuring inflation - - there is a bias in the statistics. You’re getting statistics which are not correct.” The implications of this revelation is indeed stunning, because if you “get the inflation number wrong you’ve blindfolded every economist.”

Jim Brown

Comparing Austin and Baton Rouge!

For as far back as I can remember, comparisons have been made between Louisiana’s state capitol city and Austin, Texas. In the 1960s the population of both cities were about the same. Austin and Baton Rouge were the homes of both the centers of state government and the location of each state’s major university. Both cities were laid back and growing at an average southern pace. So how do they rate today?

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