#inflation #cpi #money #credit #deflation #prices #fiatcurrency #brettonwoods #debt #moneysupply
Today we will look at the classic definitions of inflation and deflation and see why we have had inflation for the last forty years despite the fact that some people will still argue we are experiencing deflation.
We will also see why the baskets that measure the general consumer price levels are heavily doctored and not in themselves inflation.
John Williams' Shadowstats: http://www.shadowstats.com/
U.S. M2 Money Supply: https://fred.stlouisfed.org/series/M2
U.S. M3 Money Supply: https://fred.stlouisfed.org/series/MABMM301USM189S
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