This aggregate general price increase isn’t going to be reversed by November by keeping the current risk free rate static… so the Biden people are stuck with this politically … and the inequity of economic outcomes being caused by this high risk free policy rate they continue to impose…
Democrats sacrificing their political prospects in a deranged defense of art degree monetarism…
🇺🇸US Inflation Rate: Aggregated
— Truflation (@truflation) January 8, 2024
Average American purchasing power eroded by 22.37% Since Jan 2020. pic.twitter.com/1TreF01Air
The correct way to measure inflation is to take the amount of labor hours needed to buy a basket of goods. It's not the nominal level of some index. Maybe purchasing power fell by what is being claimed, but no one that I have seen is using the former analysis.
ReplyDeleteI should have said *purchasing power*.
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