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If you actually stop and think about it for a couple seconds, you should realize immediately that a “secret” inflation rate of 10% is impossible. You can lie ab
by Analemma_ 1y ago
If you actually stop and think about it for a couple seconds, you should realize immediately that a “secret” inflation rate of 10% is impossible. You can lie about that for a month or two, but 10% annual inflation means prices double every 7 years, which is obviously not what we observe.
- CamperBob2 1y agoIt may not be what you observe, but frankly, prices doubling at a 7-year rate sounds a lot like what's actually happening.
- matheweis 1y ago> prices double every 7 years, which is obviously not what we observe. It’s not? The first two things that came to mind to check are almost exactly doubled: Case-Schiller for Seattle metro area for example is almost exactly double: https://fred.stlouisfed.org/series/SEXRNSA/ https://fred.stlouisfed.org/series/SEXRNSA/ Price of eggs is almost exactly double: https://fred.stlouisfed.org/series/APU0000708111 https://fred.stlouisfed.org/series/APU0000708111