Well, now you're just stealing my thoughts.

This is exactly the reason. #[0]

A little less than 35 years at a steady 2% rate to lose HALF your purchasing power. You’ll never notice! https://media0.giphy.com/media/eMCITKbnmOTB2nhonF/giphy.gif

No because they can only enslave you slowly through debt and credit. Otherwise we will have a revolution

⚡⚡ "Inflation " is a calming and passive sounding word. That and it gradual rate of corrosion is qhat enable many people to simply pretend its not theft. With a little self reflection, I believe most people will do the work to exit fiat when they wake up.

2% = just the tip.

I only noticed it somewhat recently. Same for lots of folks. Guess it works!

Wait…there’s inflation?

I notice! Always have

#[0]

Jeff, I’m in a discussion with my brother. I shared this statement, and he is asking “who is stealing it?” I would say it’s the cantillon effect. What would you say??

The land of 🐑 picked 2% out of thin air don’t forget……. https://www.reuters.com/markets/mouse-that-roared-new-zealand-worlds-2-inflation-target-2023-01-30/

2% is the Cantillonaire's golden ratio.

If Powell had answered truthfully, the country would've immediately revolted.

🎯. A 2pct wealth tax on top of everything else. Except it’s not really 2pct but significantly higher. On inflation, I like #[2]​ ‘s vector based thinking.

Jeff, I am so grateful for your contributions. Not only do I take a lot of value from the knowledge you share, but I’ve realized I also take a lot of hope and joy from your perspective. In these uncertain times I can get a little scared about whether I will be able to afford an optimistic future f...

Its quite interesting. I am thinking it is mostly due to the need for stability and then 2% is "hard to notice". It started in New Zealand and spread to other countries. Problem is with definition itself and how it is different for different people - defining it as vector with different baskets by c...

It gets better than that Jeff. Here in Australia, people don’t seem to mind when you steal their money fast. Since Jan 2020, we’ve lost 33% of our dollar’s purchasing power. Yet most people think they got richer!

#[0]

https://nostr.build/i/nostr.build_37326e4271de29ed8288a2a6814ae1b2436fb6ff9e63bc34b13806abf01c3cf3.png #[0]

сейчас люди не замечают и 6% инфляции...

Digging into the 2% mystery was realy entertaining and revealing (not sure it’s appropriate to share twitter links here lol) https://twitter.com/linasantlinijos/status/1636035370327441411?s=46&t=lYW9RZjISOhM0maIkPt8AA

Just like the taxes on your paycheck! Slow bleed.🥸

https://nostr.build/i/nostr.build_b9ea457741e43a6eb506720d9818c4cf33f97b941d4346e20dcebbd7921ea01b.jpeg

Truth

Something, something, rule of 72, cut by half within two generations (on the high end), something.