5.4% vs. 13.5%
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We have inflation, but how much?
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From the article:
In the 1980s, the government realized that they were overstating inflation and so revised their measurement methods.
Williams said this was done to lower their social security payments based on cost-of-living adjustments.
Inflation measurement methodologies have been revised from time to time over the years. Any reason to trust the BLS' pre-1980 methodology or the pre-1990 methodology more than the current methodology?
In any case, if you want to cite John Williams' numbers, you'd be better off linking to John Williams' own website http://www.shadowstats.com/alternate_data/inflation-charts rather than to Kitco, for the simple reason that Kitco is a 'gold bug' website that promotes gold and gold stocks, and as such has a tendency to overstate the threat of inflation.
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@george-k said in 5.4% vs. 13.5%:
Inflation only affects the wealthy.
The White House Chief of Staff told me so:
Did he really say that? He had to have been hacked. I mean, the part about unemployment, too?
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@george-k said in 5.4% vs. 13.5%:
Inflation only affects the wealthy.
The White House Chief of Staff told me so:
Did he really say that? He had to have been hacked. I mean, the part about unemployment, too?
