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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25309017 No.25309017 [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.25309038

>why do the rich loot the poor? it's downright criminal

>> No.25309423

https://fred.stlouisfed.org/series/M1

>> No.25309469

>>25309038
Idiot. It's ratiinal, you are just an emotiinal poortard

Btw pol mods prun op

>> No.25310475

>>25309423
Use M3. It's been 19% the last 12mo. Truly clowned

>> No.25310494

>>25309017
>Why aren't these increases reflected in our official inflation estimates?
The CPI and new inflation indices are designed to enable wage dumping, and that's what they do.

>> No.25310888
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25310888

>give people government gibbs (many people got more government gibbs than from their actual job)
>eviction protection and people don´t have to pay their rent
>student loan forbearance

ofc you will get higher inflation in these conditions, but this shit won´t last. People have to pay their bills again and many unemployment programs are exhausted and these fuckers will get the minimum protection.

It´s like you say that the banks are healthy, but hey these fuckers don´t have to write off their bad loans right now. No one cares about context right now