What inflation metric do you use?
It makes a massive difference.
The equivalent of $100 from 1994 is:
CPI: $207
% of M2: $623
I define inflation as printing money.
M2 isn't perfect, but it shows that we've had much more value stolen from our money than most think.
I think it's helpful to look at the monetary supply inflation along with the costs of goods that I actually plan on buying in the future. Monetary inflation doesn't effect the price of everything equally or at the same speed, as the state manipulates the prices of everything differently.
I used a mars bar, disregarding all their cost saving and rationalisation of supply chains and reduction of ingredient quality, taking account of shrinkflation, inflation was 4%, which worked out at the value of the currency being cut in 3 over the past 30 years. And the present cpi low
So they only have to give you a minimal pay rise…..
those motherfuckers
okay now I'm with Elon. we HAVE to invade mars
I use the chapwood index for back of the napkin calculations, but I also created a budget that prices categories (i.e. mortgage, bills, food, etc.) in sats.
The real inflation is in that data. I plan on doing an average of this year over year.
damn that'll be super interesting
Recently came across another interesting perspective on inflation:
nostr:note13j7pxq3fhu3e4p87pm5atmafn78kg0al6hwdevq6g7t70kld3tjqzayh3z
Yeah, if you use 0% as a base line for inflation, it seems much smaller - but the real opportunity cost of inflation is that things haven't gotten cheaper like they would have thanks to technological advancements.
