Based on what you quoted, how is inflation a lie?

The red line is the official CPI. The blue line is what the CPI used to mean. The CPI used to be a measure for maintaining your standard of living, which it's not anymore. When people negotiate their wages, it's generally to track the CPI, because nobody finds it useful to have your wages NOT keep up with inflation.

Fact: Social Security payments, which receive annual COLA (cost of living allowance) increases based on the CPI, had they followed the old CPI methodology, would be more than twice what they are today. When you hear stories about grandma having to choose between her medications and food - THIS IS WHY.

The new methodology uses Alan Greenspan's "substitution effect" whereby if you can't afford to buy steak, you buy hamburger. Yes, money is still being spent, but it also represents a loss in your standard of living. Well, due to compound interest over the last 40 years, steak became hamburger, which became pork, which became chicken, which became bologna, which became dog food.

This post was edited by Santara on Jun 11 2022 09:37am

The unfortunate thing is that the Fed must suppress interest rates, because we cannot afford to pay 6%+ on our national debt.

We cannot afford to *spend what we've been spending* and depressed interest rates were simply a mechanism for prolonging the inevitable.

Is it possible that we all just live inside a computer and that Earth is just a game to someone?

Damn watching commie peasants trying to solve inflation is like trying watch apes solve the rubrics cube. You just know it will be covered in shit in the end.

You increase wages everything else will increase you fools. The problem isn't wages it's the over regulation of small businesses and unchecked giant monopolies. But before that you need a bitcoin like circular disentralised system that doesn't just get to print more money and then charge you interest. That would be a start.

Increasing wage wouldn’t be much of an issue if everything was increased consistently. As the there is a strong flow of the economy, companies will profit first, the with their increased profits, they can pay their workers at increased rate.

The Chinese is a perfect example of this. Their housing and cost of living used to be 1/5 of what it costs today. Everything increased by 5 folds and the economy still ran fine before the virus shutdowns.