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12min chapter
#551: Why Inflation Is Higher Than You Think with Ed Butowsky
TFTC: A Bitcoin Podcast
The Reality of Inflation: A Closer Look
This chapter explores the shortcomings of traditional inflation metrics like the Consumer Price Index (CPI) and introduces the Chapwood Index as a more accurate alternative. It discusses the socio-economic implications of inflation, particularly for those on fixed incomes, and critiques how government statistics often fail to reflect the true cost of living. The conversation further examines the impact of Federal Reserve policies and the complexities behind GDP calculations, emphasizing the disconnect between reported economic data and actual experiences faced by ordinary individuals.
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