If you believe inflation is just the 2% announced by central banks, you hardly notice anything. But if you look at real inflation through the growth of the money supply (M2), we’re already closer to 10% per year.

And if you add Jeff Booth’s thesis on technological deflation, which partly hides this monetary expansion, then effective inflation likely exceeds 20% per year. In concrete terms, that means if your money is sitting idle in a bank account, you’re losing around 20% of your purchasing power every single year.

https://blossom.primal.net/60a8b00e53e74d4592465b7833374cf0890348184695fb16ce514670e4b79c09.mov