Here’s How I Know The Fed Is Lying Through Its Teeth About Inflation
Confusion about inflation abounds in mainstream media reporting. That confusion is a result of the fact that mainstream economists and the Fed solely focus on narrowly defined, arbitrarily constructed measures of the prices of consumer goods only. If you only look in places where there’s little inflation, or use indexes that are not standardized to measure the same goods over time, you end up ignoring the things that are inflating, and understating the inflation that does exist in consumer prices.
Originally Published at: Here’s How I Know The Fed Is Lying Through Its Teeth About Inflation