You are being lied to about inflation. Latest CPI figures show nearly no inflation over the past year. Yet housing, tuition, and healthcare costs continue to soar.
Inflation. Few people think about inflation but simply accept the reality that prices will go up. However prices going up has a deeper economic reason than simply momentum. Inflation is notorious at destroying your standard of living. Our current financial system is now setup in a way to punish savers. Most banks are offering near […]
Inflation acts as a pickpocket on the wallets of working Americans: Young Americans take a big hit given the small weight given to tuition in the CPI.
Inflation is a very real thing. The Fed continues to downplay the impacts of inflation to support their ongoing easy monetary policy. What this has created is an inflated stock market and hot money chasing into other asset classes including real estate. This wouldn’t be such an issue if your typical working American family was […]
The long inflation con on the public: How the CPI severely underreports inflation and the slow erosion in the American standard of living.
The Consumer Price Index (CPI) is supposed to give us a good barometer of price changes in the economy. Unfortunately the CPI misses many big items like housing and college tuition. The latest report shows that the economy had a taste of deflation for the first time since the Great Recession hit. Of course this […]
Comparing the inflated cost of living today from 1938 to 2015: US Dollar losing an enormous amount of purchasing power since 1938.
People have a hard time understanding how inflation erodes their purchasing power. Little by little the cost of everything goes up and people simply assume this is normal in an economy. The $2 movie ticket becomes a $8 movie ticket. That can of tuna just got smaller but the price remains the same. The cost […]