Irrational Low-Inflation Exuberance

Everyday Definition of Inflation: “Stuff costs more.” U.S. Government Definition of Inflation: “After extensive statistical analysis and data manipulation … yada yada yada.” Shadowstats publishes their version of consumer price inflation. The Chapwood Index is another version. Both indicate real inflation rates in the U.S. are MUCH HIGHER than the official government statistics. THE PROBLEM [...]