"The consumer price index is inherently a recursive function. If the price of ribeye steak goes up and consumers shift to lower cost ground beef in response, then the basket of goods that the consumer...
It has been explained very well - among others - by @Saifedean Ammous in #thefiatstandard.
That’s why average income people cannot buy quality meat anymore. The price of real meat has skyrocketed but none of that has been accounted for in the CPIs of this world.
Just one of many robberies.
That’s why average income people cannot buy quality meat anymore. The price of real meat has skyrocketed but none of that has been accounted for in the CPIs of this world.
Just one of many robberies.
11❤️8🤙4
