2 ms·
5% inflation per month would mean 80% inflation per year. Nominal GDP growth is about 3 or 4%. So your statement implies that a typical American family is losi
by harryh 5y ago
5% inflation per month would mean 80% inflation per year. Nominal GDP growth is about 3 or 4%.
So your statement implies that a typical American family is losing over 40% of its purchasing power year over year.
This is, quite obviously, not the case.
- nostrademons 5y agoUnless you've been in the market for a house this year.
- OldGoodNewBad 5y agoOr lumber or steel…