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 to follow the work of a website called Shadow Statistics, where John Williams calculates the CPI and other government statistics using the parameters of 40 years ago.
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