Daniel Lacalle – X, Released on 11/15/23
Inflation. The hidden tax.
The biggest joke is to say that 3.2% inflation, accumulated 20% since 2019, is "winning the inflation battle".
Prices of essential non-replaceable goods continue to rise, all items CPI rising every month, and real wage growth declines. pic.twitter.com/nogaa6nBKn
— Daniel Lacalle (@dlacalle_IA) November 15, 2023
Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial analyst title, with a postgraduate degree in higher business studies and a master’s degree in economic investigation. He is a member of the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of Madrid in London. His work can be found here.