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Not saying you're wrong, just playing devil's advocate that you could say $4.3T was worth a lot more in 1989 than $7.5T in 2021 based on the outsized pace of in
by Ancalagon 5y ago
Not saying you're wrong, just playing devil's advocate that you could say $4.3T was worth a lot more in 1989 than $7.5T in 2021 based on the outsized pace of inflation for necessary goods to continue living well and growing your personal wealth (homes, healthcare, education). It all depends how you define inflation, and arguably the method to weigh inflation currently does not reflect the growth of those previously mentioned items accurately when compared to their importance.
- malandrew 5y agoRead their comment again. The person you’re replying to adjusted for inglflation.
- Ancalagon 5y agoI read it, but I was playing devils advocate arguing the inflation number are incorrect relative to the value of the dollar 30 years ago on essential goods.
- gruez 5y agoIs this going to turn into one of those "the CPI is rigged, the actual inflation rate is..." posts?
- SturgeonsLaw 5y agoWell "rigged" is a bit much, but if people spend large amounts of their money on things that are not included in the CPI basket, then the CPI is an incomplete measure.