Drew Johnson: “It creates this sort of hyperinflation the way it's done…”

“And it doesn't take into account that, for example, you can buy one brand of milk or a different brand of milk. And so the way that it's figured right now is based off of name brand products. And It creates this sort of hyperinflation the way it's done now. So if we can peg Social Security to a chain consumer price index, then it really reduces the cost of Social Security in the long term. Without reducing people's buying power.” (22:41–22:47)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.