“Chicago Mafia crap. “
I’d love to agree, but this actually started under Nixon. Nixon took us off the gold standard because LBJ had simply printed money to fight the Vietnam war and also have his Great Society at the same time without raising taxes. Charles De Gaulle realized this and started buying dollars and turning them in for gold. If Nixon hadn’t taken us off the gold standard France would have owned all of our gold. If you’ll recall inflation was at an all time high of 4%. Something had to be done! We got wage and price controls and a tweaking of how they counted inflation. The tweak has gotten worse and worse as time went on. Now, a correction would be politically unthinkable. So, the lie continues.
My estimate of inflation since the Lazy, Stupid, Ignorant, Rabble rouser ascended, is ~100%, meaning the price of most things have nearly doubled since 2008.