Lorentz's equations show the elapsed time between two events in moving frame is greater than rest frame. But moving observer's clock ticks slower. Isn't that an inconsistency?
Consider two observers, Earthman and Spaceman in two standard inertial frames S and S' respectively. Earthman creates two events, both at the origin of his coordinate system; the first event occurs at $t=0$; the second at $t=T$. Therefore Earthman perceives the elapsed time between the events is $T$.
Earthman perceives that due to Spaceman's relative velocity his light-clock ticks less often than Earthman's identical clock. Therefore, Earthman perceives that Spaceman's measure of elapsed time between the events, which corresponds to ticks on his clock between the events, will be less than T as shown below.
$$t'=T/\gamma$$
However, Earthman applies the following Lorentz Transformation to conclude that Spaceman's measure of the elapsed time between the two events is greater than $T$ as shown below.
$$t'= \gamma(t-xv/c^2) = \gamma(T-0v/c^2) = \gamma T$$