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Wednesday, April 16, 2014

Inflation is all around us if you know where to look: Spiking food costs, rising home prices and rents, and more expensive energy.

http://www.mybudget360.com/inflation-is-all-around-us-energy-housing-rents-food-costs/

We sometimes need to step out one generation to see how massive the changes are in the system.  Even today inflation is hitting the pocketbooks of most Americans.  First, inflation adjusted wages are simply not keeping up.  You spend more at the grocery store and get the same or even less amount of goods.  Sending your kids to college?  More of your money is being allocated to this purchase compared to the previous generation.  Housing?  The large push of investors in the market has caused housing prices and rents to go up.  What this means for most Americans is that more income is being siphoned away into housing.  All of these are very tangible impacts of inflation so why is it that central banking policy is practically ignoring all forms of this erosion of living standards to continue monetary easing?

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