Are They Lying to Us About Inflation?

The government lies about almost literally everything, except perhaps what time it is – and probably it would lie about that, too, if it served the government’s purposes. So why do most of us believe that inflation – the waning buying power of the money we’re forced to use by the government – is what it says it is?

Here’s what I know and so can attest to:

When I was a high school kid back in the ’80s, I worked part-time at McDonald’s. The minimum wage back them was $3.35, which meant that an eig...