Why Inflation Is Minimal Is Why The Middle Class Is Struggling

The Revolutionary Act ^ | 06/05/18

[PGR88]

Virtually everything I buy on a regular basis doubled in price. I could give you a list.

My father recently passed and we were going through his things. He kept meticulous records on things like home repairs, his autos, healthcare. It would be a fascinating study of REAL inflation over the last 60+ years.

My favorite - my oldest sister born in 1955. Mom stayed 1 full week in hospital, sister treated for jaundice and low weight. Attending OB-GYN and anesthesiologist. Total bill? $250

[gunnyg]

oops!
intended re Moonbeam’s latest!
;)

[Zhang Fei]

[That is an utter F***ing lie. I’ve never seen inflation so horrible as it has been between 2009-2017. I’ve been keeping track. Virtually everything I buy on a regular basis doubled in price.]

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Milk, eggs, bread and canned soup have all remained at roughly the same level for me. Of course, I buy store brand everything. Electric rates have gone down, and gas prices are roughly the same.

[TomGuy]

overpriced eggs

Last year, I could buy 18-count cartons of eggs for around 50-cents. Now, a dozen carton is around $1.20.

Milk has remained relatively low in the $1.50 range. Last week I bought a gallon for $1.39.

[Will88]

In effect, it is a method of government theft of individual savings; inflation is a stealth tax. So, people hoard more as they earn less and their savings decline. For example, the 90-day Treasury Bill yield at the end of March was 1.71%, while the CPI was 2.36% year over year.

A big part of the financial bailout since 2008 has been born by conservative savers who have earned next to nothing on their CDs and savings accounts for more than a decade now. This is rarely mentioned, but it is truly a case where the middle class has been royally screwed for many years.

[catnipman]

the best way to raise the “minimum” wage is to deport 13 million illegal alien workers ... the resulting job openings will have employers competing for workers via much higher wages, better benefits, and better working conditions ...

[cp124]

Inflation is high. Not just the way incompetent and crooked government measures it.

[Retvet]

What B.S. Inflation is way more than they claim. Look a the price increase in food (Velveeta cheese), car insurance, local taxes, candy bars, sodas at cashier, etc.

[Theoria]

The ‘middle class’ has been struggling for decades. It didn't start with Obama. R's and D's have set the table for the destruction of the MC.

[riri]

Virtually everything I buy on a regular basis doubled in price

I feel like I am the only person who notices this.

[NEMDF]

I agree with you. Inflation for common consumer goods we use everyday is outrageous. And anything for which the price hasn’t increased drastically, the SIZE of the product has reduced. The middle class is also struggling with tax increases at most levels. It does not seem that any income increases are taking effect yet. So far, we just have our crumbs....

[wally_bert]

Inflation is the cruelest tax of all.

A bit of wisdom I picked up a man named Saul O’Connor.

[BenLurkin]

Inflation = BAD

[khelus]

Why is inflation minimal ?

The formulas that measure inflation have been 'enhanced' aggressively since the mid 80's.

The blue line show inflation as it would be without those 'enhancements'.

[Hostage]

> “ Using the CPI to represent inflation, ...”

After government econ wonks tinkered with CPI to remove political hot potatoes like housing, the CPI became a charade.

The M3 money supply was jettisoned because it revealed too much truth.

And GDP stats are jokes.

What the government has created is a ministry of economic propaganda.

This happened in the USSR too. The government would announce on nightly news the current ‘rosy’ econ statistics and proclaim the socialist paradise was blooming with good works while the Soviet TV viewers would spit at the tube or worse throw things at it.

If one bothers to review the US history of economic smoke and mirrors applied to statistical manipulations, the result is the same, a boatload of nonsense and double talk.

What is real is more money in worker’s paychecks due to personal and corporate tax cuts and the willingness of companies to expand in the Trump environment of reduced taxes and regulations. The fact that overly educated econojocks can’t get their politically correct equations and models to reflect the common sense on the ground is their problem, not the problem of regular Janes and Joes in the workplace.

[MarkL]

Whoever in government claims that inflation is low, should be sued for false advertising. I recall seeing that had the calculations for inflation used in the 1970s and 1980s been used today, the inflation rate would be well over 10%.

Anyone who hears these reports knows very well how badly we're being lied to. The value of money has been destroyed by the government, so it can replay debt using "cheaper" money.

Anyone who's visited a grocery store or restaurant knows that we're being lied to. And it's all thanks to the government. I just wish President Trump would speak out on it.

Mark

[central_va]

I noticed the other day how I don’t even LOOK at the beef any more. I just glide right past it. Not even stopping to dream.

[central_va]

A little age inflation would be a good thing. We are headed to socialism as many are just giving up.

[DiogenesLamp]

The stuff I noticed was tuna fish, milk, bread, car batteries, oil, transmission fluid, fast food, and so on.

I eat a lot of fast food, and you can hardly get anything for less than $8.00

[DiogenesLamp]

Medical care is now literally insane. There are a lot of systemic problems with it, not the least of which is the government forcing them to treat the parasite humans for free.