Medicine, education, and housing have had their weighting lowered in the "official" inflation indexes. There's no inflation, nothing to see here, print off another couple of trillion and hand it to the US Treasury.
That being said, I think that the private sector efficiencies from tech we've enjoyed over the last thirty years are starting to have declining returns. May you live in interesting times.
The biggest red flag for me here is how cheap TVs have gotten. It's almost as if they want people to be glued to them taking instructions from the government....
I have three T-shirts, $12 jobbies from Rock Concerts, that are solid as hell. I still wear them when working out or doing chores. They're at least 25 years old, and other than the black color fading away, they're free of holes.
Brought some plain T-shirts last year from two brand name companies at national retailer, they have holes in them and are thin as shit. They cost about $15 each.
Both sets of shirts are "100% cotton".
The T-shirts of today are of greatly lower quality than the ones of decades ago.
You got it - Woven and printed in the USA. From Southern Cotton, probably woven in a Mill in the Carolinas, and printed by some entrepreneur in his basement in Anytown, USA.
Look how closely housing follows wages as if raising the minimum wage will make such things more accessible and the prices wouldn't immediately go up to meet it.
This is one of those things I've been talking about. People don't quite get that there is a very real set of economic problems going on which really are motivating a lot of people on the left. The ones on the left are a somewhat bizarre combination of those who benefit and those who loose out particularly in urban environments.
The thing is they don't realise is that it's the socialists they're voting for thinking they'll solve the problem that are the biggest cause of these problems.
When people look at inflation as a single overall figure it hides things such as if things that are more essential are rising in price and things that are less so are falling in price.
If you do the same for housing in this graph and expand it you'll also be surprised. The reality on the ground for a lot of people are house prices rising in excess of wages. I know this in part because I've seen the same pattern in other countries that are already far more crowded.
When you rely on statistics like this they really do not tell you the true story, you have to break them down and down. You can't take some top level figure and say that's representative of the situation on the ground for everyone. If you take house prices, split them, look at where they're going down below wage inflation and where they're going up above it I bet you'll see a tell tell pattern of housing prices rising faster than wages in the places where you really need housing.
Part of what you're seeing is price gauging to swallow up all disposable income.
This makes it clear that cpi and other inflation metrics are garbage. A new civic in 1997 cost about half of what it does today. That's a perfectly reasonable representation of inflation, showing 100% actual inflation advertised as 0% here.
Compare a 1997 Civic to the same features of a car today. Getting many more expensive features such as full air bags, automatic everything, no more tune ups, etc. is not an example of inflation.
A Chevy spark has many more features than a 1997 Civic and is nearly the same price.
A Chevy spark is 30-40% more expensive so the point stands regardless, however it is also not a realistic comp.
In 1997 a civic was a car that met basic safety regulations and reliably took you from point a to point b over a long lifespan with low maintenance costs. It played from/ connected to the music devices that were prevalent at the time. A 2020 civic can be described the same way. The only automatic features I can think of that weren't on the base back then are power windows and maybe cruise control?
It's an almost perfect comp. You can subtract 500 bucks for power windows and call it 95% inflation if you want.
Yea, how there constructing the data matters. Are they basing it on average or median car price or the cheapest car available on the market at the time.
I know there isn't a perfect currency, but it would be interesting if they made the same graph showing prices as they relate to silver.
Medicine, education, and housing have had their weighting lowered in the "official" inflation indexes. There's no inflation, nothing to see here, print off another couple of trillion and hand it to the US Treasury.
That being said, I think that the private sector efficiencies from tech we've enjoyed over the last thirty years are starting to have declining returns. May you live in interesting times.
Where do woke nikes fall in this category... is there a free column?
Like satan, Govt can not create but only destroy
The biggest red flag for me here is how cheap TVs have gotten. It's almost as if they want people to be glued to them taking instructions from the government....
It's almost like they're targetting industries to destroy.
I love Hedonics.
I have three T-shirts, $12 jobbies from Rock Concerts, that are solid as hell. I still wear them when working out or doing chores. They're at least 25 years old, and other than the black color fading away, they're free of holes.
Brought some plain T-shirts last year from two brand name companies at national retailer, they have holes in them and are thin as shit. They cost about $15 each.
Both sets of shirts are "100% cotton".
The T-shirts of today are of greatly lower quality than the ones of decades ago.
Did it say where those shirts were made?
(you know where I'm going with this)
You got it - Woven and printed in the USA. From Southern Cotton, probably woven in a Mill in the Carolinas, and printed by some entrepreneur in his basement in Anytown, USA.
Definitely by design. Make the needs more expensive and the placating temptations more plentiful.
Alot of the stuff on the bottom is because of China. Not really worth it, in my opinion.
Look how closely housing follows wages as if raising the minimum wage will make such things more accessible and the prices wouldn't immediately go up to meet it.
This is one of those things I've been talking about. People don't quite get that there is a very real set of economic problems going on which really are motivating a lot of people on the left. The ones on the left are a somewhat bizarre combination of those who benefit and those who loose out particularly in urban environments.
The thing is they don't realise is that it's the socialists they're voting for thinking they'll solve the problem that are the biggest cause of these problems.
When people look at inflation as a single overall figure it hides things such as if things that are more essential are rising in price and things that are less so are falling in price.
If you do the same for housing in this graph and expand it you'll also be surprised. The reality on the ground for a lot of people are house prices rising in excess of wages. I know this in part because I've seen the same pattern in other countries that are already far more crowded.
When you rely on statistics like this they really do not tell you the true story, you have to break them down and down. You can't take some top level figure and say that's representative of the situation on the ground for everyone. If you take house prices, split them, look at where they're going down below wage inflation and where they're going up above it I bet you'll see a tell tell pattern of housing prices rising faster than wages in the places where you really need housing.
Part of what you're seeing is price gauging to swallow up all disposable income.
The more Democratic Socialism intervenes in Goods and Services, the less affordable it becomes. #Facts
Now do the same thing but graph price vs money supply.
Not trying to fix it. Trying to break and control it, and break and control you and me.
This makes it clear that cpi and other inflation metrics are garbage. A new civic in 1997 cost about half of what it does today. That's a perfectly reasonable representation of inflation, showing 100% actual inflation advertised as 0% here.
Compare a 1997 Civic to the same features of a car today. Getting many more expensive features such as full air bags, automatic everything, no more tune ups, etc. is not an example of inflation.
A Chevy spark has many more features than a 1997 Civic and is nearly the same price.
A Chevy spark is 30-40% more expensive so the point stands regardless, however it is also not a realistic comp.
In 1997 a civic was a car that met basic safety regulations and reliably took you from point a to point b over a long lifespan with low maintenance costs. It played from/ connected to the music devices that were prevalent at the time. A 2020 civic can be described the same way. The only automatic features I can think of that weren't on the base back then are power windows and maybe cruise control?
It's an almost perfect comp. You can subtract 500 bucks for power windows and call it 95% inflation if you want.
Not quite. A 2021 Civic would be a luxury car back in 1997. The size and features would be comparable to a loaded Accord.
Yea, how there constructing the data matters. Are they basing it on average or median car price or the cheapest car available on the market at the time.
New cars stayed the same? Doubt