Quick post for today.
As faithful readers know, this blog has often posted that inflation is not only coming at us hard, but is in fact already here.
Numerous times we have talked about how the methods used to calculate inflation were changed in 2000. If you calculate inflation the way it was calculated in 1999 and before, the inflation rate is well into early 1970s levels.
And today, CNBC has come out with a story saying just that.
In case it gets yanked, here is the full story:
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