The government has been understating inflation for decades thus the Fed is selling us a false bill of goods. The purchasing power of Social Security has fallen behind by about 34% since the year 2000 as COLA's continue to be understated :https://tinyurl.com/ycfncdgo
Upward pressure upon wages...is a result of inflation not a cause of it. But of course as Fed says we have no inflation. (Repeat...)pic.twitter.com/kcgV8cIyiG
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