Not going to blame Obama for a “pound” of coffee becoming 10.5 ounces. That was happening long before Obama.
I’m now a geezer and I tell students about the old days when candy bars cost a nickel and were roughly twice the size of today’s. But then I explain that nickels were harder for me to come by than dollars are for them. And then I finish the mini lesson by explaining that they can look at it two ways. Either the cost of candy has gone up, or (and this is the biggie) the value of the dollar has gone down.
“Either the cost of candy has gone up, or (and this is the biggie) the value of the dollar has gone down.”
The first cars I purchased in my early twenties (brand new) cost around $2000. I’d say the value of the dollar has gone way down. Why is that a given that we don’t question? What really causes inflation?....its not a good economy as we are told.
I Rembrandt also. Government getting away with inflationary policy. And this damn policy is really skewing my retirement plans.