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Inflation is not low, have you checked stock market lately? Have you seen home prices up 15% yoy? Education costs rising, auto, etc. There is a left and righ

Inflation is not low, have you checked stock market lately? Have you seen home prices up 15% yoy? Education costs rising, auto, etc. There is a left and right tail of the inflation bell curve. High impact items are increasing in price rapidly while things like flat screen tv's stay low from certain market dynamics. Also because wages are not rising, inflation is rising faster than people understand even on left tail items.

throw0101a 6y ago
Please see the article "Inflation Truthers" * https://awealthofcommonsense.com/2021/01/inflation-truthers/ https://awealthofcommonsense.com/2021/01/inflation-truthers/ * https://news.ycombinator.com/item?id=25644580 https://news.ycombinator.com/item?id=25644580 Inflation is low.
newacct583 6y ago
Asset price increases and inflation are entirely different things. The former represents growth, the latter is a dilution (sort of "good" vs. "bad", but not really, economics is complicated, yada yada). Education costs are indeed part of inflation, as are car prices. And yes, those are rising, but they're being offset on balance by other things (phones, say) getting cheaper. Look, inflation indexes are complicated and there's room for argument about exactly how you want it computed. But statements like "inflation is not low" don't really capture the truth.
- trident5000 6y ago
  Yes my underwear is going to offset the rising prices of homes, education, healthcare, etc. Also even your example is incorrect, the iphone price keeps rising at a healthy clip. They can now be $1300.
  - throw0101a 6y ago
    > the iphone price keeps rising at a healthy clip. They can now be $1300. The iPhone (1) was introduced in 2007 and cost US$ 600 for the 8 GB model. What were its capabilities in 2007? * https://en.wikipedia.org/wiki/IPhone_(1st_generation) https://en.wikipedia.org/wiki/IPhone_(1st_generation) What, for $600, can you get now? And what are the capabilities of a $600 smartphone in 2021? An iPhone 12 mini is $700 [1], an iPhone 11 [2] 64 GB is $600, and a 128 GB for $650. The same number of dollars gets you much more in regards to technology in the past. That's not nothing. [1] https://www.apple.com/shop/buy-iphone/iphone-12 https://www.apple.com/shop/buy-iphone/iphone-12 [2] https://www.apple.com/shop/buy-iphone/iphone-11 https://www.apple.com/shop/buy-iphone/iphone-11
    - manquer 6y ago
      You have to comare with a $600 smartphone from 2007 and $600 one from 2021 and see how far apple is actually ahead
      - throw0101a 6y ago
        > see how far apple is actually ahead Or any smartphone really. Or computers generally.

throw0101a 6y ago

Please see the article "Inflation Truthers" * https://awealthofcommonsense.com/2021/01/inflation-truthers/ https://awealthofcommonsense.com/2021/01/inflation-truthers/ * https://news.ycombinator.com/item?id=25644580 https://news.ycombinator.com/item?id=25644580 Inflation is low.

newacct583 6y ago

Asset price increases and inflation are entirely different things. The former represents growth, the latter is a dilution (sort of "good" vs. "bad", but not really, economics is complicated, yada yada). Education costs are indeed part of inflation, as are car prices. And yes, those are rising, but they're being offset on balance by other things (phones, say) getting cheaper. Look, inflation indexes are complicated and there's room for argument about exactly how you want it computed. But statements like "inflation is not low" don't really capture the truth.

trident5000 6y ago
Yes my underwear is going to offset the rising prices of homes, education, healthcare, etc. Also even your example is incorrect, the iphone price keeps rising at a healthy clip. They can now be $1300.
- throw0101a 6y ago
  > the iphone price keeps rising at a healthy clip. They can now be $1300. The iPhone (1) was introduced in 2007 and cost US$ 600 for the 8 GB model. What were its capabilities in 2007? * https://en.wikipedia.org/wiki/IPhone_(1st_generation) https://en.wikipedia.org/wiki/IPhone_(1st_generation) What, for $600, can you get now? And what are the capabilities of a $600 smartphone in 2021? An iPhone 12 mini is $700 [1], an iPhone 11 [2] 64 GB is $600, and a 128 GB for $650. The same number of dollars gets you much more in regards to technology in the past. That's not nothing. [1] https://www.apple.com/shop/buy-iphone/iphone-12 https://www.apple.com/shop/buy-iphone/iphone-12 [2] https://www.apple.com/shop/buy-iphone/iphone-11 https://www.apple.com/shop/buy-iphone/iphone-11
  - manquer 6y ago
    You have to comare with a $600 smartphone from 2007 and $600 one from 2021 and see how far apple is actually ahead
    - throw0101a 6y ago
      > see how far apple is actually ahead Or any smartphone really. Or computers generally.