• Stock
  • Economy
  • Politics
  • World News
  • Editor’s Pick
Daddy of Income
MADE FOR ART LOVERS
EconomyEditor's Pick

“If We Were Using the same CPI We Used in 1982, the Rate Would Be Closer to 15%…the Worst Year in Inflation in US History” – Economist Peter Schiff

by admin December 15, 2021
by admin December 15, 2021 0 comment

Tucker Carlson had economist Peter Schiff on his show to discuss the current state of Biden’s economy.
Trending Politics reported:
Tucker leads the conversation by noting that CPI rose by nearly 7% year over year in November, the highest inflation in decades. While that’s bad enough, Schiff responded by noting that CPI probably isn’t even the right measure of inflation, with the true inflation number being far, far higher. In his words:

In fact, one of the ways the Fed has been able to justify creating more inflation is because they claimed we didn’t have enough of it. But the only reason we didn’t have enough of it is because they were relying on their own highly rigged CPI.

When they compare our inflation rates to the inflation of the 1970s, we’re not using the same CPI that we used then.
If we were using the same CPI we used in 1982, the rate would be closer to 15%, which means it’s the worst year in inflation in US history.
That’s bad news, but it gets worse. As Tucker points out, no one seems to be in trouble for this “crime,” other than the approval hit President Brandon is taking. Schiff responds by noting why:
This is the only way the government can finance all the spending. You have the Democrats now promising all sorts of stuff for nothing. We’re going to get free preschool. Everybody is going to get paid family medical leave. And no one’s going to have to pay for it. Nobody’s taxes are going up. We’re paying for it through inflation because the money to pay for all this government is being printed into existence and then it’s spent into circulation. And as it’s spent into circulation, it’s driving up prices.

The post “If We Were Using the same CPI We Used in 1982, the Rate Would Be Closer to 15%…the Worst Year in Inflation in US History” – Economist Peter Schiff appeared first on The Gateway Pundit.

0 comment
0
FacebookTwitterPinterestEmail
admin

previous post
Cringe: NIH Director Francis Collins Sings ‘Somewhere Past the Pandemic’ Song to the Tune of ‘Over the Rainbow’ (Video)
next post
Twitter Rolls Out Massive Update to Its “Covid Misinformation Policy” – Will Now CENSOR Factual Statements and BAN Users Who Claim The Vaccinated Can Spread the Virus

You may also like

Cook Political Report Shifts Six More 2022 House...

June 30, 2022

New York City: Young Mother Executed by Gunman...

June 30, 2022

Dangerous and Ineffective: Experimental Pfizer Vaccine Causes Nearly...

June 30, 2022

WATCH: “I Know You Don’t Believe That Our...

June 30, 2022

FDA Panel Advisor Admits Agency “LOST” Clinical Trial...

June 30, 2022

“Criminal! Criminal! Criminal!” – Pfizer’s CEO Albert Bourla...

June 30, 2022

Massive Brawl Breaks Out Aboard Carnival Cruise Over...

June 30, 2022

UPDATE: Kourtney Kardashian’s Husband Travis Barker Was Reportedly...

June 30, 2022

A Way to Learn “Respectful Language” About Sex:...

June 30, 2022

DISGUSTING: National Review Takes Credit for Roe v....

June 30, 2022
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • Cook Political Report Shifts Six More 2022 House Races To Republicans

    June 30, 2022
  • New York City: Young Mother Executed by Gunman While Pushing Baby Stroller in Upper East Side

    June 30, 2022
  • Dangerous and Ineffective: Experimental Pfizer Vaccine Causes Nearly FIVE “SERIOUS Adverse Events” Per Every ONE Person it Kept From Being Hospitalized with Covid, Study Finds

    June 30, 2022
  • WATCH: “I Know You Don’t Believe That Our Election Was Stolen, Karrin.” – BOOM! AZ Gubernatorial Candidate Kari Lake EXPOSES RINO Primary Opponent During Debate

    June 30, 2022
  • FDA Panel Advisor Admits Agency “LOST” Clinical Trial Data for Placebo Group Before Approving Experimental Vaccine for Babies and Toddlers (Video)

    June 30, 2022
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions

Copyright © 2021 DaddyofIncome.com All Rights Reserved.


Back To Top
Daddy of Income
  • Stock
  • Economy
  • Politics
  • World News
  • Editor’s Pick