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Real monetary expansion is much greater than 2-3% on average. The price inflation they calculate might be 2-3% but look at college or healthcare costs. That new
by jswinghammer 13y ago
Real monetary expansion is much greater than 2-3% on average. The price inflation they calculate might be 2-3% but look at college or healthcare costs. That new money finds a home somewhere and I'll tell you now that that's where it ends up these days.
- ra 13y agoI don't know about the cost of healthcare or college in the US, but those are affected by other non-inflationary factors. Eg: political changes, supply and demand, changes to the definition of the service. i.e. Imagine the difference in what treatments are covered by healthcare today as opposed to say 25 years ago. Don't forget the "new money" also finds a home through population increases and export of actual money (black and white market).