How do we know inflation is not a problem? .... because Washington tells us so.
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Someone, a year or two back posted something quoting Mr. Samuelson to the effect that there has been “virtually no inflation in this country since 1982”, the person who posted this professed to actually believe it! What kind of vacuum does someone live in to believe such garbage? The effective inflation rate for the average worker is much worse than the official figures without a doubt.
The average worker wants to spend his earnings. If he were to learn how to save and invest, he, too, could beat inflation. I have no sympathy for someone who complains about inflation, real or not. There are always ways to beat it.
yitbos
Hack indeed. According to the BLS (Bureau of Labor Statistics) inflation calculator at the site identified above, $100 in 1982 had the buying power of $215.49 today.