Peter Schiff
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Appearances Over Time
Podcast Appearances
So they made drastic changes to the methodology for calculating the CPI.
And they've done the same thing for unemployment, too.
The government constantly changes how they measure.
Oh, I've noticed.
No, not even close.
I know.
So in order to see what prices are doing, you pretty much have to double whatever the government says.
But tell us what the changes are that they made.
Well, they introduced all kinds of substitution, hedonics.
They make changes to the basket.
I don't even know.
In 2013, I did a YouTube video.
It was a long time ago.
Because I remember looking at the CPI.
And according to the government,
over a 10-year period, newspaper and magazine prices were up by 30%.
And I remember thinking, I don't know, I think they're up more than that.
So I went on the internet and I took the 20 most popular newspapers and magazines in 2013.
And I looked at what the prices were because it's just written right there on the cover.
It's not hard to see.