Cannonpointer » 19 Dec 2017 11:56 am » wrote:charles.thompson » 19 Dec 2017 11:51 am » wrote:
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.
So the dollar's purchasing power and inflation are unrelated topics?
Thanks for straightening that out.

https://en.m.wikipedia.org/wiki/Purchasing_power
If worker productivity declines...which it has...but inflation does not change...then purchasing power will also decline.
https://www.bls.gov/opub/btn/volume-6/m ... ession.htm