Returning Inflation Is Putting The Fed In A Tough Spot | Truflation's Oliver Rust

Thoughtful Money with Adam Taggart · Feb 29, 2024 · 1h 5m

Inflation has been called the invisible tax. Economist John Maynard Keynes wrote that, through it, "Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens" in a process that "engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." Which is why it's very important to know what's happening with inflation and where it's headed. But should we rely on government's reported numbers, as distorted as they are by fudge-factors like hedonics and substitution…