Are We Facing an Inflationary Recession or Depression?

Jeffrey Tucker, founder and president of the Brownstone Institute, explores the topic of inflation and its impact on the economy. Tucker raises questions about the accuracy of inflation data and discusses various factors that are not included in the Consumer Price Index (CPI), such as interest charges, housing costs, fees, and taxes. They discuss the flaws in the CPI and PCE measurements, the effects of shrinkflation on consumer goods, and the implications for businesses and the economy. He argues that the true decline in purchasing power of the dollar over the past four years may be much higher than the reported 23%. Tucker also highlights the effect of inflation on GDP and suggests that the current economic situation may be more akin to a Great Depression than a recovery.

Takeaways:
-Inflation data may not accurately reflect the true decline in purchasing power of the dollar.
-The decline in retail sales and factory orders may be underestimated due to inflation.
-The discrepancy between establishment and household job numbers suggests a potential inflationary Great Depression.

Chapters:
00:00 Introduction and Topic Discussion
01:26 Questioning the Accuracy of Inflation Data
05:32 The Impact of Inflation on Retail Sales and Factory Orders
07:15 Is the Current Economic Situation a Recovery or a Great Depression?
08:16 The Inflation-Influenced Discrepancy in Job Numbers
9:00 Discussion on Inflation Measurement
11:59 The Possibility of a High Inflationary Economic Depression
16:46 Impact of Shrinkflation on Consumer Prices
21:40 Challenges in the Commercial Real Estate Market
26:26 Misconception of Price Gouging