4 ms·

Interesting choice, gold has lost 5-10% of its value measured in USD over the last 10 years. One of the most inflationary periods ever and it hasn't even kept u

Interesting choice, gold has lost 5-10% of its value measured in USD over the last 10 years. One of the most inflationary periods ever and it hasn't even kept up with fiat.

missedthecue 5y ago
Isn't printed inflation exceptionally low from 2011-2021?
- chrisco255 5y ago
  Printed, sure, not counting for asset inflation, energy costs, healthcare, education, housing, and all the other things that really matter. But sure, you can get a Big Mac for less than $6 still.
pessimizer 5y ago
Inflation over the last 10 years averages 1.7%, which makes it probably the least inflationary 10 year stretch ever.
- deleted 5y ago
  [deleted]
- adventured 5y ago
  > Inflation over the last 10 years averages 1.7%, which makes it probably the least inflationary 10 year stretch ever. The US went through several stretches of deflation, prior to the modern fiat era. Some of those eras likely saw ten year stretches with close to no price inflation, particularly around the time of the industrial revolution (which applied enormous downward pressure to price inflation). "Prices dropped an average of ten percent every year between the years of 1930 and 1933." https://www.investopedia.com/ask/answers/040715/were-there-any-periods-major-deflation-us-history.asp https://www.investopedia.com/ask/answers/040715/were-there-a... Or St Louis Fed, 2010 "U.S. Historical Experience with Deflation" "Many people associate deflation with difficult economic times—slow growth and/or high unemployment—such as in Japan since the early 1990s or in the United States during the Great Depression. Yet, not all deflationary periods are associated with hard times. For example, in the United States from 1876-79, the price level fell on average almost 5 percent per year while average output growth exceeded 7.6 percent." https://files.stlouisfed.org/files/htdocs/publications/es/10/ES1030.pdf https://files.stlouisfed.org/files/htdocs/publications/es/10... Of course this always invites the common economics debate centered around whether inflation should properly only be considered a purely monetary phenomenon or should include more comprehensive factors (eg supply and demand pressures). Ultimately I find the only thing that really matters is to define one's terms when discussing it, for clarity.
- landemva 5y ago
  My property tax doubled. Good produce, meat, and fuel prices keep rising. The 99 cent Hagen Dazs mini tiny ice cream cups in grocery freezer were 99 cents. Two weeks ago that changed to 2.49, though currently on sale for $2.29. I suppose the cups are so small they couldn't play the shrinkflation game.

Interesting choice, gold has lost 5-10% of its value measured in USD over the last 10 years. One of the most inflationary periods ever and it hasn't even kept up with fiat.

missedthecue 5y ago

Isn't printed inflation exceptionally low from 2011-2021?

chrisco255 5y ago
Printed, sure, not counting for asset inflation, energy costs, healthcare, education, housing, and all the other things that really matter. But sure, you can get a Big Mac for less than $6 still.

pessimizer 5y ago

Inflation over the last 10 years averages 1.7%, which makes it probably the least inflationary 10 year stretch ever.

deleted 5y ago
[deleted]
adventured 5y ago
> Inflation over the last 10 years averages 1.7%, which makes it probably the least inflationary 10 year stretch ever. The US went through several stretches of deflation, prior to the modern fiat era. Some of those eras likely saw ten year stretches with close to no price inflation, particularly around the time of the industrial revolution (which applied enormous downward pressure to price inflation). "Prices dropped an average of ten percent every year between the years of 1930 and 1933." https://www.investopedia.com/ask/answers/040715/were-there-any-periods-major-deflation-us-history.asp https://www.investopedia.com/ask/answers/040715/were-there-a... Or St Louis Fed, 2010 "U.S. Historical Experience with Deflation" "Many people associate deflation with difficult economic times—slow growth and/or high unemployment—such as in Japan since the early 1990s or in the United States during the Great Depression. Yet, not all deflationary periods are associated with hard times. For example, in the United States from 1876-79, the price level fell on average almost 5 percent per year while average output growth exceeded 7.6 percent." https://files.stlouisfed.org/files/htdocs/publications/es/10/ES1030.pdf https://files.stlouisfed.org/files/htdocs/publications/es/10... Of course this always invites the common economics debate centered around whether inflation should properly only be considered a purely monetary phenomenon or should include more comprehensive factors (eg supply and demand pressures). Ultimately I find the only thing that really matters is to define one's terms when discussing it, for clarity.
landemva 5y ago
My property tax doubled. Good produce, meat, and fuel prices keep rising. The 99 cent Hagen Dazs mini tiny ice cream cups in grocery freezer were 99 cents. Two weeks ago that changed to 2.49, though currently on sale for $2.29. I suppose the cups are so small they couldn't play the shrinkflation game.