Inflation Could Really Be 11% And Will Keep Rising | Shadowstats’ John Williams

The David Lin Report, Released on 9/14/23 (Recorded on 9/13/23)

John Williams, publisher of Shadowstats, discusses inflation’s causes, measurement methodologies, and outlook.

0:00 – Intro
1:00 – Inflation up to 3.7%
3:05 – Gasoline prices
4:00 – What inflation should be
11:20 – Money supply
16:20 – Labor market
24:50 – Standard of living
28:30 – Wealth transfer
32:50 – Inflation outlook
36:10 – Fed monetary policy
38:10 – Shadowstats

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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