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.
2%, the dildo says. Remarkable job, he says.
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.
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
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