Want to understand how inflation impacts your purchasing power?
Let's look at The New Yorker, which publishes the price of each copy right on the front of the magazine.
1925: 15 cents
2024: $8.99
...
Fully agreed. Posted a similar note too.
Same thing for gold, real estate. Value increase yes, to a certain extent, but primarily driven by money supply increase.
When I use the same line of argument for friends and family, they revert to "observational" counterarguments like "because wages are increasing" or "because raw material prices are increasing".
All symptoms but no one can pinpoint the actual root cause.
How else can we explain this to them apart from "our money is broken?" Whats the flow of thought to bring them to the conclusion?
https://primal.net/e/note1ncxkztcuw4frppv8u7g9aht9jwmgvuuwnkv64tvvh5t2tramuewq3e552c
Same thing for gold, real estate. Value increase yes, to a certain extent, but primarily driven by money supply increase.
When I use the same line of argument for friends and family, they revert to "observational" counterarguments like "because wages are increasing" or "because raw material prices are increasing".
All symptoms but no one can pinpoint the actual root cause.
How else can we explain this to them apart from "our money is broken?" Whats the flow of thought to bring them to the conclusion?
https://primal.net/e/note1ncxkztcuw4frppv8u7g9aht9jwmgvuuwnkv64tvvh5t2tramuewq3e552c
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