Peter Schiff Points to Disney World Wristbands: ‘Many Price Hikes Never Happen’ to Official Inflation – SPDR S&P 500 (ARCA: SPY), Walt Disney (NYSE: DIS)

Peter SchiffChief Economist and Global Strategist euro pacific capital, highlights the effects of inflation using an ‘entertaining’ example. Schiff said in a tweet that many price increases never make it into the Consumer Price Index and highlighted example of the walt disney company district To explain the Disney Parks fee and its wristbands.

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“Many price hikes never make it into the #CPI. In addition to the double-digit annual increase in admission to Disney World, the park now charges $20 dollars for park wristbands that were provided free of charge last year.” That’s an extra $80 for a family of four. #inflation,” Schiff tweeted.

Disney is living through interesting times. company brought back Robert A. Iger Leading the Company as CEO, Succeeding Bob Chapek, who stepped down from his position.

inflation: Minutes of the Fed’s meeting released last week indicate that central bank officials agree on smaller rate hikes in the future. Wall Street reacted positively to the news. SPDR S&P 500 ETF Trust Detective 1.19% in last five days while Vanguard Total Bond Market Index Fund ETF bnd increased by 0.88%.

Schiff also favors more free market regulation. According to him, there is no need for more government regulation.

“We don’t need more government regulation. We need more free market regulation and individual accountability. Let’s end the #Fed, government incentives, subsidies, guarantees and bailouts. #NYSE started in 1792. #SEC Wasn’t made until 1934. We were better off without it,” he tweeted last week in the wake of the FTX saga.

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