Fiat currency always destroys a nation.
We're nearing the end point of that disaster here in America, and while the process of repair won't be smooth and painless, Trump is doing what is necessary to put things right.
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Back in '04 when I had just been released from the Navy, I had goy a job as a store mgr for Racetrac Petroleum. The pay was $50K/yr. My wife at the time didn't have a job yet. We barely had enough to pay all the bills, buy food/gas, and give our 4 boys a decent upbringing. But nowadays, I specially here in Ctrl FL, a family of 5 needs about twice that, unless you have a mortgage under $200K with a decent interest rate. You can't even find a decent home that doesn't need a lot of work for under $250K in this region. I have 3 adult kids still living with me because they can't afford to move out right now. It's ridiculous how you expensive everything has become.
NY Strip on sale during Trump's first term was less than 6 dollars a pound. I bought some the other day ON SALE and they were 12.96 a pound. More than double BUT I love a good piece of bull meat! Kek
The fruits of the "'free' trade" agreements.
Average annual inflation over the last 100 years is over 17%.
usinflationcalculator.com
did you mean "wage inflation" ?
Because over the last 100 years, it is NOT "17%" inflation in our economy.... That is laughably low.
I literally said average annual inflation is 17%.
Annual. Average. Over the last 100 years.
The average annual inflation rate in the United States over the last century, from 1913 to 2024, was 3.27%. This figure reflects the compounded effect of inflation over the period, with significant variations across decades. For instance, the 1910s saw an average annual inflation rate of 9.80%, while the 1970s averaged 7.25%. In contrast, the 1920s experienced nearly zero annual inflation, and the 1930s saw deflation, with prices declining on an annual basis. Over the entire period since 1913, cumulative inflation reached 2,555%, meaning prices have increased more than 25 times. More recent data shows that from 1914 to 2025, the average inflation rate was 3.29%.
How are you getting 17%?
Run $1.00 through the inflation calculator 1926-2026
Inflation is over 1,700%
Devide that by 100 (years)
$1 bought then what $18 buys now.
100% inflation would be $2
We're nearly 1,800 percent, again, divided by 100 is .. ~18% annually. (Average)
https://www.usinflationcalculator.com/