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54 sats \ 1 reply \ @kilianbuhn 26 Jun \ on: Is the Global Inflationary Depression Already Here? ⋆ Brownstone Institute econ
According to official data, the dollar has lost about 23 cents in purchasing power over the last four years. Absolutely no one believes this.
Huh? Loosing 1/4 since 2020? Why should no one believe this? A quater is a lot, it's very close to exactly the m2 money supply increase.
Looosing 1/4 is price increases of 1/3. A restaurant meme from $15 to $20. Sounds about right. Supermarket items that were $1 going to $1.30ish? Yeah, exactly.
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0 sats \ 0 replies \ @kilianbuhn 26 Jun
Inflation is bad no matter what. Getting lost in the numbers of how much is a distraction. It's bad no matter which number.
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