Editorial

I don’t know about you, but I sure am confused about all this current debate over gender equity, gay rights, and transgenders. I keep reading in the newspaper about LGBT. I had to look up the lettering to even know what the abbreviation means. Being “politically correct” has become an obsession with much of the country as well as right here at home in Louisiana.

The 2019 legislative session has finally come to a close. For those that thought this would be a quick and uncontentious two-month session for lawmakers, boy were they wrong. This session, even without another budget crisis, did not run short on its list of roses or thorns.

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.”