Inflation=government printing money. -Milton Friedman. When people try to over complicate things, they are hiding their lack of understanding.

Inflation is most certainly not 2%, herein lies the problem. Many including myself have noted much higher prices. Solution for all is to purchase assets, if you can afford it.

There are plenty of economists who say the CPI aren't accurate and that the shadow stats numbers from the 70's are far better and should still be used.

admittedly I'm a software engineer living in Toronto Canada trying to drive down the cost of food delivery using robotics

Try being any kind of building contractor right now, the scarcity of materials, cost of fuels, lack of labor and the labor you can get wants FAR more in wages because ALL of their costs are way up too! Now factor in that the area you service requires traveling 20 to 50 miles both directions and sometimes you drive that distance multiple times in a day. Now consider that you bid the jobs, signed contracts and if you want to keep your reputation…you gotta keep your freakin promises! Performance clauses are in nearly every contract too but if your plumber can’t get toilets and tubs, your electrician can’t get wire and fixtures…you get my drift? The CPI has been being played since Bill Clinton’s administration tampered with the process. Lots of fkn layers to this damned onion and it ALL screws small business.

I wish every news channel had the same screen-in-screen where someone logical and intelligent can pause the talking head and explain what is real and what is bogus.

Great clarification. Thanks man

Great content, he did lose the track a few times but hell get it in the end :D

Yes oil prices fluctuate a lot so they are not included in the core CPI that's true.. but there are secondary effects from the rise in oil prices on the production and transportation cost. For example if shipping is 10% of landed cost of the product shipping cost went up by 30% it means the cost went up by 3% overall which will definitively contribute to inflationary pressures as manufacturers and retailers will pass through this cost to the end consumers. And the same principal applies to housing.. yes direct relation between housing and core inflation is small, but the secondary effect is substantial.. as cost of living increases (shelter, utilities, food...) the employees will naturally start to demand higher wages from their employers which will increase the cost of final products and so contribute to inflation pressure as well. The wage effect on core inflation tend to lag but once it takes hold, it is very sticky and almost irreversable. And with low labor participation, wages will sky rocket and so fueling inflation further!! Get ready for a rocky couple of years..

Good vid

Funny how only now does Carlson find a problem with the CPI

I have been a subscriber to your channel for a while now - mostly because of the Thomas Sowell content - and very much appreciate the archival material you manage to locate and make available. A truly excellent service. However, recently you seem to be preoccupied - to an almost evangelical level - with selling the benefits of cryto-currency and Bitcoin in particular. I feel you should make a conscious effort to reign in this zeal, before you begin to lose a substantial body of your following who - like me - feel they have heard quite enough about “miracle” investments. Just a thought, as I would not wish to see this particular fetish derail your excellent work in archival sleuthing.

Wish I could watch all new like this :)

The US has been in a depression since 2008/9 thats a fact of reality, but the gov has been playing games with definitions and changing even what inflation is. The fact the fed uses CPI as a measure of inflation is the point. Inflation used to be the circulation of money relative to how much is printed. Printing should always be kept low to keep the value high. Like gold. The amount of money the fed has printed over the last 25 years has bankrupted the gov but also made the US dollar almost worthless actually. Its why there is no infrastructure development in the states. Actually go on a road trip and you will see. The gov is lieing. The news still cant decide if the country is in recession or not. That tells me there is a very bad facade that has been put in front of a real horror of poverty going on in every major city and town in the US. Whats upsetting is the news and even you here focusing on "how harsh Tucker is sounding" and we are alarmist. The ALARM HAS BEEN RINGING FOR YEARS AND YOURE NOT LISTENING. ❤

i hold btc, eth, ada and some garbage coins. been in since 2012. Wish I had bought more... but you cannot predict the future

100% disagree. Many people may have forgoten this but the only reason we have an economy is to benefit people ( not for the sake of paper growth, formulas or the purity of some economic theory ). If you want to measure inflation ("the general increase in prices and fall in the purchasing value of money.") in any meaninfull way you need to do it by using the price of goods in similar procentages to the expenses of the majority of people. This includes rent, food, transportation, fun, clothing etc. With the proper procentage alocated. Otherwise all you are doing is hiding the real inflation people experiance (real price increases) behind a indicator designed from the start to decive. We do not take masurements just for the sake of trendlines, we also do it to acuratly asses a situation. You can't do that when your procentage alocation is designed to hide price growth.

Well the measurement should measure how inflation is effecting our lives not some bull-sh++ purpose

Why the weird avatar?