Rising prices. We're spending more money to buy the same number of goods -- or maybe fewer. GDP is supposedly adjusted for price inflation, but it's a guess; and that guess is always on the low side.
The only reason GDP can increase at all is inflation. If the number of dollars were held stable, GDP would never change -- it couldn't. That doesn't mean the economy couldn't grow -- prices would be forced down.
But GDP would be exposed for what it is. A nonsense measurement.
So we’re being gouged again, just in a different way?
Interesting observation & GREAT tagline. Thanks.