People Are Not Inflation Idiots. Contrary To The Lies Published By The US Government and Captive Media, Inflation in 2023 (when honestly calculated) was at least 18% to 20%. D.C. NIFO
Posted by freedomforall 3 weeks, 1 day ago to Economics
Excerpt:
"It’s not just that rising prices are bad and eat into the standard of living. It’s also the case that the current CPI is wildly underestimated. Adding in the interest-based cost of borrowing puts last year’s inflation rate at 18 percent, which is far worse than we ever saw in the late 1970s. If we add to that the way inflation used to be calculated complete with a correct estimate of health-insurance costs, we are going further still. We could be looking at 20-plus percent on an annualized basis.
All the assurances we get from official economists that life is great achieve absolutely nothing in terms of convincing the public that what they are seeing all around them is not true. The instincts of the public are absolutely correct, contrary to the one thousand articles pouring out of the legacy media that say otherwise."
"It’s not just that rising prices are bad and eat into the standard of living. It’s also the case that the current CPI is wildly underestimated. Adding in the interest-based cost of borrowing puts last year’s inflation rate at 18 percent, which is far worse than we ever saw in the late 1970s. If we add to that the way inflation used to be calculated complete with a correct estimate of health-insurance costs, we are going further still. We could be looking at 20-plus percent on an annualized basis.
All the assurances we get from official economists that life is great achieve absolutely nothing in terms of convincing the public that what they are seeing all around them is not true. The instincts of the public are absolutely correct, contrary to the one thousand articles pouring out of the legacy media that say otherwise."
by bother parties
I bough 5 screw-in snaps for my boat and a little tube of locktite for $30 yesterday. I almost scatted myself.