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When one really wants to understand this question of inflation, you have to look at some of the

long-term shifts, not just the short-term numbers. That's everything from the doubling down

on deficit spending by a U.S. government who believes they can push it farther without causing

inflation, to the shift back to domestic manufacturing. In many ways, the more one can remove

oneself from specific short-term inputs and measures like the CPI, the more one

is likely to be able to develop a personal theory on where the world is headed.

Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the

big-picture power shifts remaking our world.

The breakdown is sponsored by nexo.io and produced and distributed by CoinDes.

What's going on, guys? It is Tuesday, April 13th, and today we are talking about the real story of inflation right now. New consumer price index or CPI numbers are out from the Bureau

of Labor Statistics, and this is the latest entrant into the great inflation debate. I want to

discuss the complexity of that conversation, but to do so, we have to go back in time just a little

...