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I understand that there is only a moderate increase per year in the cost of consumer goods but there is a trillion more digital USD being created every 2 years.
by solotronics 7y ago
I understand that there is only a moderate increase per year in the cost of consumer goods but there is a trillion more digital USD being created every 2 years. Specifically 1,200,000,000,000 USD in a 2 year period. 2,280,000 per minute.
https://www.federalreserve.gov/releases/h6/current/default.htm https://www.federalreserve.gov/releases/h6/current/default.h...
- lisper 7y agoYes, it's a mystery why this isn't causing huge inflation. Nonetheless, the indisputable fact of the matter is that it isn't.
- Qasaur 7y agoIt's not causing cousumer price inflation, but it definitely is causing price inflation in other parts of the economy (equities, real estate, startup valuations etc.).
- lisper 7y agoNo, it isn't, and certainly not since 1982. Between 1980 and 2000, California median home prices increased at a rate of less than 1% a year [1]. Over that same period many states saw price drops in real estate. In Southern California between 2000 and today, house prices increased at an average of about 5% a year [2]. Even health care is only going up at about 5% a year on average. Tuition is going up at about the same rate. None of this is even remotely in the same ballpark as hyperinflation. [1] https://www.cnbc.com/2017/06/27/how-much-housing-prices-have-increased-since-1940-in-every-state.html https://www.cnbc.com/2017/06/27/how-much-housing-prices-have... [2] https://www.latimes.com/business/la-fi-southern-california-home-prices-20190426-story.html https://www.latimes.com/business/la-fi-southern-california-h... [3] https://www.kff.org/other/state-indicator/avg-annual-growth-per-capita/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D https://www.kff.org/other/state-indicator/avg-annual-growth-...