4 ms·

The whole “measure it the way they used to” meme implies that you believe in the website shadow stats. Well you might want to know that shadow stats doesn’t ac

The whole “measure it the way they used to” meme implies that you believe in the website shadow stats. Well you might want to know that shadow stats doesn’t actually recalculate inflation using old methodology, it adds some constant factors. https://econbrowser.com/archives/2008/10/shadowstats_res https://econbrowser.com/archives/2008/10/shadowstats_res

yterdy 3y ago
No, I just read https://www.investopedia.com/terms/b/basket_of_goods.asp https://www.investopedia.com/terms/b/basket_of_goods.asp and https://www.bls.gov/cpi/additional-resources/historical-changes.htm https://www.bls.gov/cpi/additional-resources/historical-chan... and note all of the opportunities to manipulate the inputs and calculation mechanics in order to change the reported inflation. As reflected in https://www.investopedia.com/articles/07/consumerpriceindex.asp https://www.investopedia.com/articles/07/consumerpriceindex.... Even a conservative government estimate says 19%: https://lao.ca.gov/LAOEconTax/Article/Detail/766#:~:text=Prices%20have%20grown%20by%2019,energy%20prices%20the%20most%20volatile&text=Prices%20based%20on%20CPI%2DU,for%20shelter%2C%20such%20as%20rent https://lao.ca.gov/LAOEconTax/Article/Detail/766#:~:text=Pri.... In all honesty, Volcker wasn't even needed. Let the initial COVID crash wipe out asset prices, helicopter money to everyone as we did, and let the people who were responsible enough to not get wiped out buy into ownership of properties and businesses. Recovery starts that winter and we're already there by now. Same diff to the average American, at worst, and you're not puppeteering zombie corps that you have to keep dumping money into to stave off the defaults that should have come already. This circus where the same people and entities who got us into this mess get to jack up prices to offset wage increases, and then some, is avoided. I don't see the issue.

yterdy 3y ago

No, I just read https://www.investopedia.com/terms/b/basket_of_goods.asp https://www.investopedia.com/terms/b/basket_of_goods.asp and https://www.bls.gov/cpi/additional-resources/historical-changes.htm https://www.bls.gov/cpi/additional-resources/historical-chan... and note all of the opportunities to manipulate the inputs and calculation mechanics in order to change the reported inflation. As reflected in https://www.investopedia.com/articles/07/consumerpriceindex.asp https://www.investopedia.com/articles/07/consumerpriceindex.... Even a conservative government estimate says 19%: https://lao.ca.gov/LAOEconTax/Article/Detail/766#:~:text=Prices%20have%20grown%20by%2019,energy%20prices%20the%20most%20volatile&text=Prices%20based%20on%20CPI%2DU,for%20shelter%2C%20such%20as%20rent https://lao.ca.gov/LAOEconTax/Article/Detail/766#:~:text=Pri.... In all honesty, Volcker wasn't even needed. Let the initial COVID crash wipe out asset prices, helicopter money to everyone as we did, and let the people who were responsible enough to not get wiped out buy into ownership of properties and businesses. Recovery starts that winter and we're already there by now. Same diff to the average American, at worst, and you're not puppeteering zombie corps that you have to keep dumping money into to stave off the defaults that should have come already. This circus where the same people and entities who got us into this mess get to jack up prices to offset wage increases, and then some, is avoided. I don't see the issue.