Sunday, February 13, 2022

Is the Real Rate of Inflation Significantly Higher Than the Number We've Just Been Given?

Is the Real Rate of Inflation Significantly Higher Than the Number We've Just Been Given?
"...But it isn't exactly honest, because the truth is that the way the inflation rate is calculated has been changed more than two dozen times since 1980. 
So if we are going to compare the rate of inflation today to historical numbers, we should actually be doing an apples to apples comparison.Fortunately, there is someone out there who takes care of the math for us. 
According to John Williams of shadowstats.com, if inflation were still calculated the way it was back in 1990, the official rate of inflation would be above 10% right now. 
And if inflation were still calculated the way it was back in 1980, the official rate of inflation would be above 15% right now.
...Wow...Read all!

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