4 ms·

> That period included the massive money printing of 2008 crash, none of it says hyperinflation, despite the federal reserve "printing" $3.9T between 2009 and 2

by noch 6y ago

> That period included the massive money printing of 2008 crash, none of it says hyperinflation, despite the federal reserve "printing" $3.9T between 2009 and 2014. [chuckle] Now do assets as well. Do healthcare and school fees and energy for good measure. > […] dohicky […] Also see Jeff Booth's "The Price of Tomorrow" for a discussion on the deflationary effects of technology. Also consider velocity of money and if it slows as governments and commercial banks print. Also, M3 contains illiquid assets. Perhaps, better to think in terms of base money? https://cryptovoices.com/basemoney https://cryptovoices.com/basemoney For fun, the history of McDonald's menu prices. > Official inflation figures for 2004-2019 are $1.35, about 2% per year, and that includes the time period of the 2008 crash Inflation is perhaps a vector.[0] > Median wages have increased by about 2.6% per year US centric but consider also https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ [0]: https://www.lynalden.com/fiscal-and-monetary-policy/ https://www.lynalden.com/fiscal-and-monetary-policy/

iso1631 6y ago
> Now do assets as well That's not a cost you need to live. You need to pay for food, housing, healthcare, energy. You don't need stocks in amazon. > [chuckle] Now do assets as well. Do healthcare and school fees and energy for good measure. Total healthcare spending in the US[0] in 2004 was $6094 per capita. In 2019 it was $11072 -- 4.1% per year increase. By comparison in 1989 it was $2440 per capita, so for 1989-2004 it was 6.3% per year. Electricity increased 2.75% per year from 2004 to 2019 [1] Average retail electricity price for industrial consumers in 2005 was 5.73c/kWh, in 2019 it was 6.83c/kWh, 1.3% per year [2] A gallon of gas in 2004 was $1.85 in 2004, it's $2.60 in 2019, an increase of 2.3% per year [3] I see little to show that inflation is any different to the official inflation figures. I do see evidence that the wealthiest part of the US is becoming even more wealthy Cost per pupil increased 2.6% per year [4] What's your point? Despite M0 goign from 600b to 3500b from 2004-2019 (average 12.5% per year), there was no effect on the cost of things people pay for, which broadly stayed in the 0-5% per year range, as it did before 2004. [0] https://data.oecd.org/healthres/health-spending.htm https://data.oecd.org/healthres/health-spending.htm [1] https://www.statista.com/statistics/190680/us-industrial-consumer-price-estimates-for-retail-electricity-since-1970/ https://www.statista.com/statistics/190680/us-industrial-con... [2] https://www.statista.com/statistics/190680/us-industrial-consumer-price-estimates-for-retail-electricity-since-1970/ https://www.statista.com/statistics/190680/us-industrial-con... [3] https://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/ https://www.statista.com/statistics/204740/retail-price-of-g... [4] https://nces.ed.gov/programs/digest/d19/tables/dt19_236.55.asp https://nces.ed.gov/programs/digest/d19/tables/dt19_236.55.a...
- noch 6y ago
  > That's not a cost you need to live [...] there was no effect on the cost of things people pay for, which broadly stayed in the 0-5% per year range, as it did before 2004. I'm sure you're absolutely correct about everything. Thank you for your time.

by noch 6y ago

iso1631 6y ago

> Now do assets as well That's not a cost you need to live. You need to pay for food, housing, healthcare, energy. You don't need stocks in amazon. > [chuckle] Now do assets as well. Do healthcare and school fees and energy for good measure. Total healthcare spending in the US[0] in 2004 was $6094 per capita. In 2019 it was $11072 -- 4.1% per year increase. By comparison in 1989 it was $2440 per capita, so for 1989-2004 it was 6.3% per year. Electricity increased 2.75% per year from 2004 to 2019 [1] Average retail electricity price for industrial consumers in 2005 was 5.73c/kWh, in 2019 it was 6.83c/kWh, 1.3% per year [2] A gallon of gas in 2004 was $1.85 in 2004, it's $2.60 in 2019, an increase of 2.3% per year [3] I see little to show that inflation is any different to the official inflation figures. I do see evidence that the wealthiest part of the US is becoming even more wealthy Cost per pupil increased 2.6% per year [4] What's your point? Despite M0 goign from 600b to 3500b from 2004-2019 (average 12.5% per year), there was no effect on the cost of things people pay for, which broadly stayed in the 0-5% per year range, as it did before 2004. [0] https://data.oecd.org/healthres/health-spending.htm https://data.oecd.org/healthres/health-spending.htm [1] https://www.statista.com/statistics/190680/us-industrial-consumer-price-estimates-for-retail-electricity-since-1970/ https://www.statista.com/statistics/190680/us-industrial-con... [2] https://www.statista.com/statistics/190680/us-industrial-consumer-price-estimates-for-retail-electricity-since-1970/ https://www.statista.com/statistics/190680/us-industrial-con... [3] https://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/ https://www.statista.com/statistics/204740/retail-price-of-g... [4] https://nces.ed.gov/programs/digest/d19/tables/dt19_236.55.asp https://nces.ed.gov/programs/digest/d19/tables/dt19_236.55.a...

noch 6y ago
> That's not a cost you need to live [...] there was no effect on the cost of things people pay for, which broadly stayed in the 0-5% per year range, as it did before 2004. I'm sure you're absolutely correct about everything. Thank you for your time.