Cost of College Used to Track Inflation Pre 1981.

I had a good laugh at this-this morning.

Obama on college costs

He blames the colleges, he blames the liberals, he blames the conservatives.  He kind of blames the students a little bit.

What he doesn't blame is inflation.  He doesn't blame money printing.  He doesn't blame bank and government bailouts.

Perhaps we should send Mr. President the link to shadowstats?

I'm am a huge proponent of shadowstats.  It explains so much.

I've touched on this before, but according to the government something that cost $100 in 2001 should only cost about $125 today.

So you think in your head, what has only gone up 25% since 2001?

housing?

gas?

concrete? (its up 300%)

food? (smaller boxes dont count)

pretty much nothing is only up 25%

Please also remember the certain areas of the economy get subsidies, to help keep costs down.  (like food) 

Now we are ready for the good laugh... ready?   Like many other charts, college costs tracked real inflation until 1981.   Remember what happened in 1981?  The government revised their definition of inflation.   So if you look at the chart above, costs and salaries trended with inflation, then in 1981, they sky-rocketed... I'm shocked... absolutely shocked....(insert sarcasm here)

Remember this one? Its the inflation adjusted stock market, sky-rocketing after 1981.  I cant believe people actually buy this government BS inflation data.....