2 ms·
To put it mildly, this hasn't been my experience. Inflation is only 2% because CPI is bullshit. CPI keeps getting changed so it would be 2%. There are no reali
by candiodari 6y ago
To put it mildly, this hasn't been my experience.
Inflation is only 2% because CPI is bullshit. CPI keeps getting changed so it would be 2%. There are no realistic housing options in there anymore, nor education, nor healthcare, nor ... and if you reinsert those inflation has never been below 4% per year.
While I've gotten above inflation pay rises, they have been exceptions (and due to exceptional performance, ie. usually more than 8h/day for quite a while).
Besides, it is very obvious that modern states and central banks are using inflation to minimize/eliminate the effect of debts on the actual economy. Given what has been going on, how can you realistically defend any other position?
Btw: given what has happened to these debts, you can safely bet your right arm that real inflation is going up to at least 5.3%. And that was before COVID-19 measures.