In this enlightening episode, host Andy interviews renowned economist John Williams. They delve into the intricacies of inflation, including how government manipulation has affected the Consumer Price Index (CPI) since the early 1980s. Williams explains the discrepancies between official inflation numbers and his recalculations using pre-1981 methods, revealing a stark difference. He also discusses the impact of the money supply explosion during COVID-19 and its implications for future inflation and interest rates. The conversation covers the importance of gold as an inflation hedge and the potential economic consequences of ongoing monetary policies. A must-watch for anyone looking to understand the true state of inflation and economic health.
