Is Warren Buffett betting on inflation? What is inflation? Here is an extract from Austrian economist Ludwig Von Mises' book "Interventionism". https://mises.org/wire/inflation-its-... John Williams from Shadow stats interview exposing the CPLie. CPI today does not use the same metrics as they did in the 70's & 80's, so you cant compare today's CPI to that of the 70's, 80's or even 90's. • Inflation Lies & L-Shaped Recovery | John ...