Inflation: The Official Lie Every month, some career bureaucrat in Washington steps behind a lectern to assure you that inflation is “moderating.” They quote “core CPI” numbers designed to lull you into complacency. Here’s the truth: the formula used to calculate inflation has been rigged more times than a crooked slot machine. Back in the 1970s, the Consumer Price Index measured the actual cost of maintaining a middle-class lifestyle—housing, energy, food, healthcare. But each time those numbers got too politically inconvenient, the formula was “adjusted.” The Bureau of Labor Statistics swapped out real goods for hedonic substitutions and statistical gimmicks. The result? An official inflation rate that’s a fairy tale. Historical context: In 1980, if we applied the same inflation…
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