19 Dec 2017 11:51 am
the purchasing power of the dollar has gone down remarkably. That is correlated with inflation, but it is not identical to it. The fed is not expected to control the dollar purchasing power. I personally tend to blame 'diversity' for most of that.Cannonpointer » 19 Dec 2017 11:45 am » wrote:2%, the dildo says. Remarkable job, he says.charles.thompson » 19 Dec 2017 7:54 am » wrote:the fed operates as it does to keep inflation around 2%...which it has honestly done a great job at...and it certainly would not be possible for us to have 2% inflation if private banks were making their own money. Also, the fed is supposed to try to keep unemployment around 4.5%, which it has been decent at doing. obviously its impossible during a recession.
gas
milk
housing
bread
I remember when gas and bread were around 10 cents - one silver dime. A home was maybe 10 grand.
Our new 3 bedroom in town cost 7200 in '63. At 2% inflation, it would be worth about 17k today. Let's see what zillow says, mr. 2%.
.
60,000.
If gas was 25 cents in '63, it should be 58 cents today, figuring 2% per annum inflation. Ditto bread. Ditto milk.
It almost looks like someone is full of ****.
Looks like I can believe about 2% of what this remarkable knob job has to say.