3 ms·
Inflation? What inflation? https://fred.stlouisfed.org/series/FPCPITOTLZGUSA https://fred.stlouisfed.org/series/FPCPITOTLZGUSA This is a yearly graph, but if
by harryh 6y ago
Inflation? What inflation?
https://fred.stlouisfed.org/series/FPCPITOTLZGUSA https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
This is a yearly graph, but if you look at the month by month data you'll see that inflation has actually been negative recently.
- mindslight 6y agoI explicitly said "monetary supply inflation" to avoid a reply with that disingenuous chart. The overt price inflation is occurring in assets, preventing the majority of people from achieving financial stability instead of assorted monthly rents to service debt. In general, we would expect consumer prices to trend downwards reflecting technological progress, increasing productivity, and offshoring. The Fed's policy is to erase that distributed progress, contributing to our growing divide between the rich and the poor.