👆🏼 this is key, and most people don’t understand it.

Just because prices are not going up it doesn’t mean you’re not getting robbed. Even if CPI was 0% that still doesn’t tell you much about how much PURCHASING POWER we could all be missing out because of monetary policy.

Saying oh well the Fed expanded the money supply by X amount but we didn’t see any inflation (or high inflation) as George Gammon would point out does not paint the whole picture.

Once ppl understand that prices should fall to the marginal cost of production over time, as you point out Jeff, then they will know they are being robbed even if prices stay flat