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Thursday, February 01, 2018

You have been lied to about inflation and here is the proof

http://www.mybudget360.com/you-have-been-lied-to-about-inflation-and-here-is-the-proof-2000-to-2018/

I know it might be hard to believe but the way we measure inflation understates the true devaluation of your purchasing power.  You feel it by how much tighter your budget is or by your perception of the cost of items going up.  Inflation is actually rather high and it has been inflamed thanks to our policy of low interest rates and a tendency to own people via debt.  We will look at the actual raw numbers of inflation as they are given to us via government statistics but take a deeper look as to what the cost of certain items really is.  The results may shock some of you.

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