Economist John Williams Breaks Down Inflation

Natural Resource Stocks, Released on 7/6/24

In this enlightening episode, host Andy interviews renowned economist John Williams. They delve into the intricacies of inflation, including how government manipulation has affected the Consumer Price Index (CPI) since the early 1980s. Williams explains the discrepancies between official inflation numbers and his recalculations using pre-1981 methods, revealing a stark difference. He also discusses the impact of the money supply explosion during COVID-19 and its implications for future inflation and interest rates. The conversation covers the importance of gold as an inflation hedge and the potential economic consequences of ongoing monetary policies. A must-watch for anyone looking to understand the true state of inflation and economic health.

00:00 Introduction and Guest Welcome
00:28 Understanding Government Inflation Manipulation
06:04 Impact of Inflation on Social Security
06:53 Gold as an Inflation Hedge
10:04 COVID-19 and the Explosion of Money Supply
17:40 Future Inflation and Economic Predictions
29:18 Conclusion and Contact Information

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 ( 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.

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