4 ms·

Try this: https://www.washingtonpost.com/news/wonk/wp/2014/07/17/the-intellectual-cesspool-of-the-inflation-truthers/ https://www.washingtonpost.com/news/wonk/

Try this: https://www.washingtonpost.com/news/wonk/wp/2014/07/17/the-intellectual-cesspool-of-the-inflation-truthers/ https://www.washingtonpost.com/news/wonk/wp/2014/07/17/the-i...

mikeyouse 5y ago
Even more simply - Shadowstats consumer inflation calculator thinks we've had at least 7% inflation up until ~2010 and then 10+% since then. (http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=1628692430 http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=16286924...) What in your life costs 500%+ more than it did in 1995 for the same product? No need for in-depth debunking when it's self-evidently nonsense.
- loeg 5y ago
  > What in your life costs 500%+ more than it did in 1995 for the same product? Reflexively, I thought of housing (Seattle area), but apparently that has only increased by 270% since 1995.[1] [1]: https://fred.stlouisfed.org/series/ATNHPIUS42644Q https://fred.stlouisfed.org/series/ATNHPIUS42644Q
  - mikeyouse 5y ago
    Yep - there are certainly some bubbles of costs that have increased substantially, but think about the tech in your pocket (1995 was the era of $500/GB hard drives - https://external-preview.redd.it/-ArYBjQcq6Go7QbkY5-Os9FFOtZtVMH9x-wNfoLPW88.jpg?auto=webp&s=992b55850d3665bb1cc6af6dde56e222c42e8929 https://external-preview.redd.it/-ArYBjQcq6Go7QbkY5-Os9FFOtZ... and terrible $5,000 Gateway laptops) or the car in your driveway. A new Civic costs something like 80% more than a 1995 one and is a remarkably nicer car. Gas prices are up something like 200% since then (but basically unchanged since the mid 2000s), but cars are far more fuel efficient so even that impact is blunted.. groceries, appliances, furniture, restaurants, entertainment...
    - symlinkk 5y ago
      Yeah, the vast majority of millennials and later generations can’t afford a place of their own and are destined to be rent slaves for years, but think about the amount of Tik Tok videos you have in your pocket!
      - deleted 5y ago
        [deleted]
    - loeg 5y ago
      Yeah, I guess healthcare is the other major one that's increased in cost. Although I'm not sure that's at literally 500% from 1995 either.

Try this: https://www.washingtonpost.com/news/wonk/wp/2014/07/17/the-intellectual-cesspool-of-the-inflation-truthers/ https://www.washingtonpost.com/news/wonk/wp/2014/07/17/the-i...

mikeyouse 5y ago

Even more simply - Shadowstats consumer inflation calculator thinks we've had at least 7% inflation up until ~2010 and then 10+% since then. (http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=1628692430 http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=16286924...) What in your life costs 500%+ more than it did in 1995 for the same product? No need for in-depth debunking when it's self-evidently nonsense.

loeg 5y ago
> What in your life costs 500%+ more than it did in 1995 for the same product? Reflexively, I thought of housing (Seattle area), but apparently that has only increased by 270% since 1995.[1] [1]: https://fred.stlouisfed.org/series/ATNHPIUS42644Q https://fred.stlouisfed.org/series/ATNHPIUS42644Q
- mikeyouse 5y ago
  Yep - there are certainly some bubbles of costs that have increased substantially, but think about the tech in your pocket (1995 was the era of $500/GB hard drives - https://external-preview.redd.it/-ArYBjQcq6Go7QbkY5-Os9FFOtZtVMH9x-wNfoLPW88.jpg?auto=webp&s=992b55850d3665bb1cc6af6dde56e222c42e8929 https://external-preview.redd.it/-ArYBjQcq6Go7QbkY5-Os9FFOtZ... and terrible $5,000 Gateway laptops) or the car in your driveway. A new Civic costs something like 80% more than a 1995 one and is a remarkably nicer car. Gas prices are up something like 200% since then (but basically unchanged since the mid 2000s), but cars are far more fuel efficient so even that impact is blunted.. groceries, appliances, furniture, restaurants, entertainment...
  - symlinkk 5y ago
    Yeah, the vast majority of millennials and later generations can’t afford a place of their own and are destined to be rent slaves for years, but think about the amount of Tik Tok videos you have in your pocket!
    - deleted 5y ago
      [deleted]
  - loeg 5y ago
    Yeah, I guess healthcare is the other major one that's increased in cost. Although I'm not sure that's at literally 500% from 1995 either.