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Another sucker duped by official numbers. Ask yourself, "What happens when nearly all the central banks in the western world print tons of money?" Then follow t
by icu 13y ago
Another sucker duped by official numbers. Ask yourself, "What happens when nearly all the central banks in the western world print tons of money?" Then follow that line of reasoning and look at how official inflation figures are constructed. Then ask if there is a descrepancy. Bottom line, go do some homework on inflation.
- mkeener 13y agoIsn't that assuming a static level of wealth/production? Wealth/Production output isn't a zero sum game, it's not some pie you keep cutting into smaller slices. It can grow over time and even if you increase the number of slices cut, each slice can retain the same relative mass. It's when these don't match up that you find yourself with an inflationary or deflationary currency. Yes, you can and do cause inflation by printing more money, but it's not as simple as you assert it to be, and it certainly doesn't warrant the rudeness to the parent.
- deveshparekh 13y agoExactly which part of the Bureau of Labor Statistics methodology do you disagree with? http://www.bls.gov/cpi/cpi_methods.htm http://www.bls.gov/cpi/cpi_methods.htm Which part of the Billion Price Project's methodology do you disagree with? Its measure of inflation agrees with the BLS's pretty closely. http://bpp.mit.edu http://bpp.mit.edu Which measure of inflation do you prefer over those two, and where can we examine its methodology?
- anigbrowl 13y agoI don't need to rely on official figures. I can see from the lack of significant changes in my bills and household expenses that inflation is low.