Yep. It's basic economics, and every Econ professor I had from undergrad thru to my MBA said the exact same thing ... GOVT debt spending is nothing more than a "back-door tax". Period. When you inflate the money supply in excess of actual productivity and physical asset creation you devalue the base currency in which all things are denominated for that economy.
Welcome to the reality of economics. Its real, and its happening right now, and it is gonna get way way worse.
Sounds like you have the knowledge to answer this question. I have zero formal training about this, so I really am trying to learn. It seems to me that inflation is simply caused by printing more money. Is that a fair assessment?
"The CPI is a lie. Price inflation is even worse than advertised.
According to the December 2023 CPI report, price inflation was 3.4 percent on an annual basis. That doesn’t seem too bad. But in reality, prices are rising far faster than the data indicates.
Here’s the ugly truth: the CPI drives markets and motivates policy, but it is nothing but speculation, estimation, and wild guesses."
Indeed. My inflation indicator is the price of bacon. Used to be I bought a 2 lb package for $14. For those of you in Rio Linda, 2 lb = 32 ounces. Now the package I buy is 24 ounces, while I'm still paying $14. $7 per lb to $9.33 per lb. = 33% inflation.
But government math says inflation is slowing and the economy is "improving". Just imagine what the real unemployment number is.
The CPI is only about 5% but I talk with moms complaining about spending 25-50% more then last year. It seems to be just proving to people that the government lies when they say your groceries are 5% higher when they are skyrocketing.
Yep. It's basic economics, and every Econ professor I had from undergrad thru to my MBA said the exact same thing ... GOVT debt spending is nothing more than a "back-door tax". Period. When you inflate the money supply in excess of actual productivity and physical asset creation you devalue the base currency in which all things are denominated for that economy.
Welcome to the reality of economics. Its real, and its happening right now, and it is gonna get way way worse.
The house of cards is exposed for all to see. Yes, I too believe it'll get worse before it gets better. It's called the great awakening.
Sounds like you have the knowledge to answer this question. I have zero formal training about this, so I really am trying to learn. It seems to me that inflation is simply caused by printing more money. Is that a fair assessment?
"The CPI is a lie. Price inflation is even worse than advertised. According to the December 2023 CPI report, price inflation was 3.4 percent on an annual basis. That doesn’t seem too bad. But in reality, prices are rising far faster than the data indicates.
Here’s the ugly truth: the CPI drives markets and motivates policy, but it is nothing but speculation, estimation, and wild guesses."
CPI is the stupidest lie. People know how much their groceries are going up without the official figure.
Indeed. My inflation indicator is the price of bacon. Used to be I bought a 2 lb package for $14. For those of you in Rio Linda, 2 lb = 32 ounces. Now the package I buy is 24 ounces, while I'm still paying $14. $7 per lb to $9.33 per lb. = 33% inflation.
But government math says inflation is slowing and the economy is "improving". Just imagine what the real unemployment number is.
How do you figure?
Realize government inflation figures do not factor in the price of energy or food, but CPI does.
CPI simply confirms grocery prices are skyrocketing.
Edit: Read the article and I'm sure the government manipulates the numbers just like it's reporting.
With that being said, even the manipulated numbers aren't good and it's why they keep talking about inflation and not CPI in the MSM.
The CPI is only about 5% but I talk with moms complaining about spending 25-50% more then last year. It seems to be just proving to people that the government lies when they say your groceries are 5% higher when they are skyrocketing.