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Americans are richer than we think

AUGUST 22, 2019 | by Phil Gramm, John Early | THE WALL STREET JOURNAL

“Yet the economists, statisticians and agencies that create price indexes overwhelmingly agree that official measures of inflation are significantly overstated, leading to an understatement of America’s well-being. The government uses these same price indexes to adjust transfer payments and tax brackets, driving up federal debt.”

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