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This is an important graph. The Biden administration is claiming that Inflation has fallen by more than half, but that still puts inflation much higher than it was before. To add to that, real inflation is much worse than the manipulated inflation reported by the government. Another thing that most of the population doesn't understand is that inflation would have to go negative to get prices back to what they were. Even if inflation went to zero, costs would still remain high where they are. Zero inflation would be wonderful, but I don't think the dollar will ever see near zero inflation again.

#grownostr #inflation #dollar

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Discussion

Undisciplined 2y ago

Monetary inflation, by some major metrics, has gone negative in recent months. Since prices generally follow money supply, we may well see declining prices soon.

However, the regime has always been terrified of deflation, so I don't see them allowing this to continue for long.

TomFinnegan22 2y ago

When the CPI number is so manipulated, these stats and graphs are next to meaningless. The whole point of the cutbuck fiat system is to remove wealth from the middle class by monetary inflation. Their system is working as intended. BTC is the only way out.

Hazey 2y ago

Controlled inflation is the target for stable prices and full employment 🤡

FiddleHodlHomestead 2y ago

AND in a non-manipulated economy, prices should actually be falling.

Of course, as nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe always reminds us, if you use bitcoin as a reference, prices are in fact falling and will continue to fall.