Hedonic adjustments and substitution bias in CPI are nefarious behaviors that systematically understate inflation by allowing the Bureau of Labor Statistics to claim products haven't increased in price because of minor improvements (e.g., windshield wipers), or by assuming consumers accept lower-quality substitutes without true cost-of-living impact.
causalpending
Speaker
Dave ColumEvidence Quote
“as soon as you start putting in these fudge factors the nefarious Behaviour kicks in... substitution shouldn't exist at all if you look at Shadow stats.com... they both over the last 30 years have shown that that um a more traditional metric for measuring inflation let's go to chapwood they take something like the 50 largest cities they look at 500 prices in those 50 largest cities they don't correct for anything”
Source
Markets Overvalued by 150% as Dishonest Metrics Hide the Coming 'Catastrophic' Collapse: Dave Collum— Kitco NEWSCreated: 8/12/2026, 6:42:10 PM
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