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25305524 No.25305524 [Reply] [Original]

All the official sources and mainstream economists talk about how inflation is basically 0, the FED laments not being able to hit its 2% annual inflation target and we should basically indiscriminately print infinite money until we finally manage to create some healthy, moderate annual inflation to the tune of 2-3%.

Meanwhile, shadowstats, zerohedge and a host of other 'alternative economics' type sites say that inflation is really 5-10% annually, has been for at least a decade and the BLS is brazenly cooking the books and fudging numbers to make consumer prices look stable while the average american is actually losing 10% of their purchasing power every year.

Who's right? It's hard to deny that costs of housing, education, and health care have basically doubled within the past 10-20 years. Why aren't these increases reflected in our official inflation estimates?

>> No.25305562

>>25305524
depends
do you consider living being able to buy a gallon of gas, a gallon of milk, and car?
or a house, education, and healthcare?
>look goy gas is cheaper than ever oy voy there must be no inflation!

>> No.25305570
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25305570

Remember what they took from us

>> No.25305757

>>25305562
It seems like when they are pressed, economists like to differentiate between cost of living and inflation and argue that just because everything one needs to exist is twice as expensive now as it used to be, doesn't necessarily mean the currency has inflated at all. I don't really understand how that works.

>> No.25305924

>>25305562
This is exactly right. They changed the definition to suit their own goal. It’s insane that oil is the main driver of “inflation” when no one can afford to go to college, buy a house, or pay an emergency room visit. Fuck, even cars are getting retarded with an average new car at 30k.

Don’t question them
Wear the mask
Flatten the curve
Consume the goods

>> No.25305984

>>25305924
Is there actual and clear evidence of their changing the CPI basket over time to mask inflation? or is it all tinfoil bullshit?

>> No.25306232
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25306232

The metric the Fed uses are CPI without food & energy. They remove those items because they are :
>seasonal
>volatile
>fluctuate too much due to supply
>hard to trace back to monetary inflation
They need to remove this stuff because the prices are mainly caused by cost-push (supply side) inflation, as opposed to inflation caused by monetary expansion that they are doing
So when you remove the cost-push inflationary stuff that we all have to buy, basically all thats left is memes and here is the actual chart.

https://fred.stlouisfed.org/series/CPILFESL

The alternative economics sites that put 5%-10% inflation are right, but its inflation caused by
>tariffs on imports
>VAT
>other compliance costs passed onto us
>saudi / russia oil fuckery
>too many immigrants flooding the housing market
>jews running education
>jews running health industry

all cost-push except housing.