Political Quotes

Alan Simpson: “this amendment simply notes that there are a number of indices that the Government uses to measure inflation and that we…”

On the recordMay 22, 1996
this amendment simply notes that there are a number of indices that the Government uses to measure inflation and that we should strive to use the most accurate one that is possible. We have heard discussion of the CPI. There is another one called the chain-weighted GDP index. There are all sorts of ways to go. This just says, let us pick the most accurate one and get on with the business of then protecting the budget of the United States to get a handle on the correct and most accurate method of indices of measuring inflation or deflation or deflators or whatever we are using in this great complex formulae world.
Said by
Alan Simpson
Wyoming
Source
govinfo.gov

Editor's note · Context

Discussing the importance of using accurate indices to measure inflation.

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