The truth will out.
by Doug Casey via International Man International Man: Inflation, as measured by the government’s own crooked CPI statistics, recently hit a 40-year high. What is going on here? Doug Casey: The Consumer Price Index (CPI) itself has been totally corrupted over the years, mainly by changing definitions of what it entails. That’s why it’s interesting […]
The Bureau of Labor Statistics (BLS) just released its most recent Consumer Price Index (CPI) figures. Not good. The U.S. inflation rate has officially reached 7.5 percent for January 2022! According to Yahoo Finance, consensus estimates according to Bloomberg data was 7.3 percent. Big miss for the consensus. From the BLS, Increases in the indexes […]
by Mises Institute First, we must define inflation: it is the increase in the quantity of money, currency, and credit. It is not an increase in prices. Changes in the general price level is the consequence of a combination in changes of the quantity of deposit currency and changes in the level of the public’s […]
by Daniel Lacalle via Mises Institute Senator Elizabeth Warren recently stated that rising prices were due to corporations increasing their profits. “This isn’t about inflation, this is about price gouging for these guys.” It is simply incorrect. No, corporations have not doubled their profits, and rising prices are not due to the evildoings of businesses. If evil […]
by Ryan McMaken via Mises Institute According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for November, year-over-year price inflation rose to 6.8 percent. It hasn’t been that high since June […]