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Inflation is a measure of purchasing power. I have all the dollars in my pocket and, depending on what I'm trying to buy like shipments of containers from Shang
by shuckles 4y ago
Inflation is a measure of purchasing power. I have all the dollars in my pocket and, depending on what I'm trying to buy like shipments of containers from Shanghai to Los Angeles, I could possibly buy more goods and services from last year.
I think your comments are below the level of quality the HN community demands.
- andirk 4y agoFor most consumers, 8% of the dollars in your pocket are gone. It means you have less money now than you did a year ago. > I have all the dollars in my pocket OK, you must be talking physical paper? > I could possibly buy more goods Most consumers are currently hurting from inflation.