Google Plans Alternative Inflation Index Using Web Data

Bob, a news finder, is a smart man. The basis of control in its various forms utilizes difference in knowledge (also wisdom) between two groups. Men and women throughout history have been denied access to reading, writing, and various forms of higher learning as means of maintaining what I have come to see as the 'knowledge spread'. The dawn of the Internet, like the introduction of the Colt Peacemaker to the West, is certain to be recognized as another great equalizer for humanity. Still, knowledge without widsom, means that this gap will not close easily.

Google is using its vast database of web shopping data to construct the ‘Google Price Index’ – a daily measure of inflation that could one day provide an alternative to official statistics.

Source: cnbc.com