In 2008, the day Obama got elected, the price of gasoline was $1.87.
The problem is: there is a limit to how much artificial inflation can be sustained before prices collapse, and the Fed has been artificially inflating the economy for a long time already.
Well, there's the rub. For purposes of S.S. pay raises, gasoline and groceries aren't even considered.
We are seeing massive inflation - in asset prices, property, anything touched by our financialized economy. Besides - I don’t care what bullsh** stats the BLS gives us, I’m paying a lot more at the grocery store these past few years
“inflation that if not exactly the same thing as boom times, will at least give the appearance of a strengthening economy”
Exactly what I have been saying. The birdbrains are trying furiously to dilute the value of the dollar, which will raise the numbers, giving the illusion of improved prosperity.
Hasn’t worked, because they have destroyed productivity so much that no one has any money to spend. This keeps prices from rising.