Paul van Eeden of Cranberry Capital is seen on this video defending his view that the Federal Reserve is in great degree responsible for the price of oil increasing.

Notice that this guy from CNBC states that the official government statistics on inflation just don’t support Paul’s views on oil. Did someone not give this guy the memo that said official government statistics, CPI et al, conveniently don’t include food and energy? Or is he missing the fact that oil is energy?

Paul van Eeden tries to straighten him out, but Paul uses words like hedonic and geometric conforming which this guy probably didn’t understand.

Watch for yourself:
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