Once again, Washington and Wall Street are patting themselves on the back while quietly stuffing gauze into the cracks of a hemorrhaging economic system. The Bureau of Labor Statistics just reported a 0.1% rise in May’s Consumer Price Index—modest by conventional standards, but hardly a cause for celebration. Behind the subdued number is a deeply manipulated system of inputs, substitutions, and now—thanks to a federal hiring freeze—widening gaps in data collection filled with statistical guesswork. Let’s call this what it is: the calm engineered by a crumbling empire to buy itself another quarter. The Truth Beneath “Tame” Inflation The official annual inflation rate now sits at 2.4%, with core CPI (which excludes food and energy, the two things Americans actually…

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