Politicians, central bankers, and academics around the world are engaging in a conversation that could have massive real-world consequences for both middle class families and retirees; conversations that could result in substantially higher taxes, and/or substantially reduced benefits for entitlement programs such as Social Security, depending upon how the matter is resolved. The average American is not paying attention to this at all. It matters. This is a technical debate that will transfer huge amounts of wealth from various stakeholders depending upon who prevails.
The post Tiny Inflation Calculation Methodology Changes Are Going to Result in Billions of Dollars in Wealth Transfers appeared first on Joshua Kennon.
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