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Ron Paul Liberty Report

Weekly Update --- Government Gaslights People about the Economy

Ron Paul Liberty Report

Ron Paul Liberty Report

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4.92.2K Ratings

🗓️ 27 October 2024

⏱️ 5 minutes

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Summary

Weekly Update --- Government Gaslights People about the Economy by Ron Paul Liberty Report

Transcript

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0:00.0

Hello everybody and thank you for tuning into the weekly report.

0:04.0

Government Gaslights people about the economy.

0:08.0

Public opinion polls consistently show the economy is one of the top issues, if not the top issue, for

0:16.0

American voters.

0:17.7

This may strike some as odd since official government statistics show low unemployment and declining price inflation

0:26.6

suggesting the Federal Reserve has engineered a soft landing bringing down inflation without causing a recession.

0:35.6

So why the concern over the economy?

0:38.1

One reason is more people are realizing government economic figures hide the truth about the economy.

0:46.0

Recession since 2022, U.S. economic income and output have fallen overall for four years is a Brownstone Institute research paper by E.J. Antoni, a research fellow at the Heritage Foundation and Dr. Peter St. Ones, a fellow with the Mises Institute.

1:07.0

It details how the federal government understates inflation while making wages, prices, and profits economic growth

1:17.5

appear stronger.

1:20.3

Dr. Antoni and Dr.. Ones used a more accurate measure of inflation than that used by government

1:27.8

to uncover the true state of the economy.

1:31.6

Their calculations show that the U.S. economy has been in recession since

1:36.5

2022. The government claims that GDP increased by approximately 13.7% from 2019 through the first half of 2024.

1:52.0

When the more accurate inflation number is used, the result is a 2.5% decline

1:59.5

in the GDP. The federal government's figures also show the American people's disposable income increased

2:07.8

by 12.9 percent from 2019 through the first half of 2024.

2:14.0

However, when the more accurate way of calculating price

2:18.0

inflation is used,

2:20.0

it shows Americans' disposable income decline by 2.3%.

2:26.0

Dr. Antoni and Dr St. Hans are hardly the first to expose how the government uses doctored statistics to make the economy look

...

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