The inflation graph fits the expected graph of y=(annual inflation rate + 1)^x
x is time in years.
This is an exponential function. The graph in the image is exponential. If anything, the graph is flatter than expected on the right hand side. From 1913 to 2015, the 2200% increase reflects an annual inflation rate of 3.1%.
You can be outraged about injustice, but don't let ignorance of math make you look ignorant.
The problem lies is in not being able to save money, and participating in a rigged game that’s designed to give [them] access to currency at full value, while we get sloppy seconds after it’s made the rounds.
2000% inflation sounds astronomical, but if you renormalize every year, the inflation is only 3%. This is a widely accepted figure for normal inflation.
I think a much better argument is to look at the recent inflation rate of a home, land, or even beef at the supermarket. It is higher than 3 % and is felt much more than this general inflation figure.
Everyone can afford an OLED tv. Few can afford a home.
The inflation graph fits the expected graph of y=(annual inflation rate + 1)^x
x is time in years.
This is an exponential function. The graph in the image is exponential. If anything, the graph is flatter than expected on the right hand side. From 1913 to 2015, the 2200% increase reflects an annual inflation rate of 3.1%.
You can be outraged about injustice, but don't let ignorance of math make you look ignorant.
The problem lies is in not being able to save money, and participating in a rigged game that’s designed to give [them] access to currency at full value, while we get sloppy seconds after it’s made the rounds.
https://greatawakening.win/p/17t1kD6BUb/central-banking-eli5/c/
I do not accept that critique, because the inflation rate being 3.1% is not the problem being pointed at.
The graph out of context is the issue.
2000% inflation sounds astronomical, but if you renormalize every year, the inflation is only 3%. This is a widely accepted figure for normal inflation.
I think a much better argument is to look at the recent inflation rate of a home, land, or even beef at the supermarket. It is higher than 3 % and is felt much more than this general inflation figure.
Everyone can afford an OLED tv. Few can afford a home.
If you think you can explain variant inflation rates by asset class over time in a better way to the Brawndites, by all means, have at it.
I still do not accept this critique.
Your graph is ridiculous outside of context. It is ridiculous whether you understand it or not.