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The Wall Street Journal reported:
Greenspan "...repeated his lonstanding view that Social Security benefits should be pegged to a price index that measures inflation differently from the consumer price index now used. He prefers the "chained" consumer price index, which better reflects how consumers spend less on items that become costlier."
I thought the official CPI already used a chain-weighted measure? Wasn't there some commission several years ago with Boskin that did this?
Cyril Morong
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