John Williams Shadow Stats: Inflation Still Above 10%? Real Inflation Has Been Above 2% For Decades?

Wall St. For Main St., Released on 8/28/23

During this 40+ minute interview, John talks about changes to the US Consumer Price Index (CPI) over the decades, why PhD Economists adjust the data and why the US Federal government wants the data adjusted with an anti inflation bias. John goes in depth about how the real inflation rate has been well above 2% for decades and why the CPI, jobs report and GDP numbers are “rigged.”

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Walter J. “John” Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). He tracks and reports economic data using the methodologies formerly used by government agencies prior to changes being made to make the reported data look more favorable, and estimates the true, real inflation rate to be significantly higher than the reported rate. He received a bachelor’s degree in economics, cum laude, from Dartmouth College in 1971, and was awarded a master’s degree in business administration from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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