That's always been the relationship to purchasing power vs inflation though. That's not different today vs before.

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Apr 9, 2024
5:08:43pm

CSoul Hardcore Democrat

But yes, we aren't used to > 3% inflation. Last time was 2008 and 2007.

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CSoul

Previous username: tsm26
Bio page: CSoul
Joined: Nov 20, 2005
Last login: Oct 17, 2024
Total posts: 69,536 (14,865 FO)

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Messages

Author

Time

The economy is thriving!

maxpowers

Apr 9, 4:55pm

When you calculate inflation with meaningless metrics, inflation is low.

Shore10

Apr 9, 4:57pm

Bidenomics is the term they like to use

Magneto

Apr 9, 4:58pm

It's not going to go away anytime soon, IMO

Jericho

Apr 9, 5:02pm

That's the million dollar question right now. Do we want 5 more years of 3% inflation or a recession?

CSoul

Apr 9, 5:10pm

I think it's stagflation for many years to come. Nothing is allowed to fail now.

Shore10

Apr 9, 5:17pm

Except for the fact that the economy is growing, sure.

DubuMfalme

Apr 9, 5:30pm

Yes. All these layoffs and revenue decreases are screaming growth.

Shore10

Apr 9, 5:34pm

It's like you're totally unaware of how economic growth is calculated.

DubuMfalme

Apr 9, 5:52pm

It's like you're totally unaware of how the CPI is manipulated.

Shore10

Apr 9, 5:56pm

I thought we were talking about economic growth. You said stagflation.

DubuMfalme

Apr 9, 6:04pm

You realize it's almost impossible to be considered unemployed right?

Shore10

Apr 9, 6:16pm

Thanks Don for your part in artificially and juicing the wealth growth and

So it goes...

Apr 9, 6:03pm

I agree. And now it's being accelerated by Biden.

Shore10

Apr 9, 6:18pm

That's always been the relationship to purchasing power vs inflation though. That's not different today vs before.

CSoul

Apr 9, 5:08pm

They lie about the actual inflation numbers

Gente_Boa

Apr 9, 5:12pm

Maybe just maybe inflation is a function of capital markets

Wife_Apologist

Apr 9, 5:46pm

Or maybe it's an out of control central bank and federal government.

Shore10

Apr 9, 6:03pm

What caused inflation before 1913 when the FED was created? Or did it exist?

Wife_Apologist

Apr 9, 6:07pm

But money supply!

Division Bell

Apr 9, 5:28pm

The actual figure is the average family has 17% less spending power since 2021

futbalmaven

Apr 9, 10:22pm

Joe Biden...

BYU Grounds

Apr 12, 9:28am

You know what an economy like this calls for?

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