History
The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. This is the definition of "core inflation" most used for political purposes. Core inflation was also developed and advocated by Otto Eckstein, in (Eckstein 1981).
Read more about this topic: Core Inflation
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“History is not what you thought. It is what you can remember. All other history defeats itself.
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Idealism is the despot of thought, just as politics is the despot of will.”
—Mikhail Bakunin (1814–1876)
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—Noam Chomsky (b. 1928)
“The principal office of history I take to be this: to prevent virtuous actions from being forgotten, and that evil words and deeds should fear an infamous reputation with posterity.”
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