231–240 of 566 posts
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> since the inflation was largely caused by lockdown stimulus This is a widely disproved myth.
Please explain how literally directly increasing the M1 money supply doesn't cause inflation. Everyone got money for free. Things that are free, tend to have less value.
It bears repeating because this is a common mistake in inflation discussions: a decrease in inflation metrics means price increases are slowing down, it doesn’t mean that prices are going down （that would require a negative CPI print). Also, this number is year over year, so the decrease just means the price increases between Oct 21 and Oct 22 are not as steep as between Sept 21 to Sept 22, which is not hard to achie…
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Shadowstats is bullshit for a number of reasons - you can read up on most of them on the official articles and publications and justifications on the BLS website -- which are generally written by statisticians with maths or econ PhDs with no vested political interest, unlike Shadowstats which is written by an MBA who needs to sell a newsletter. But you can very easily debunk Shadowstats by just averaging the ridiculo…
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They effectively said, "The increase went down." It would have been much clearer for them to say, "The increase has slowed."
This is like the 3rd derivative, right? e.g. we now have a slightly lower rate of acceleration towards the cliff than before?
3rd derivative would be Nixon's:
>When campaigning for a second term in office, U.S. President Richard Nixon announced that the rate of increase of inflation was decreasing, which has been noted as "the first time a sitting president used the third derivative to advance his case for reelection."[2] Since inflation is itself a derivative—the rate at which the purchasing power of money decreases—then the rate of increase of inflation is the derivative of inflation, opposite in sign to the second time derivative of the purchasing power of money. Stating that a function is decreasing is equivalent to stating that its derivative is negative, so Nixon's statement is that the second derivative of inflation is negative, and so the third derivative of purchasing power is positive.
https://en.wikipedia.org/wiki/Third_derivative#Economic_exam...
Earlier quoted context omitted.
> since the inflation was largely caused by lockdown stimulus This is a widely disproved myth.
Please explain how literally directly increasing the M1 money supply doesn't cause inflation. Everyone got money for free. Things that are free, tend to have less value.
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This is like earnestly showing the earth is flat by linking to a flat earth web site with fictional data showing the earth is flat.
"the rate of increase of inflation is decreasing"
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Shadowstats is bullshit for a number of reasons - you can read up on most of them on the official articles and publications and justifications on the BLS website -- which are generally written by statisticians with maths or econ PhDs with no vested political interest, unlike Shadowstats which is written by an MBA who needs to sell a newsletter. But you can very easily debunk Shadowstats by just averaging the ridiculo…
This is begging the question though. If the problem is BLS, then using BLS as a reference that BLS isn't the problem is blatantly fallacious. The claim is that BLS is deceiving us... so it doesn't make any sense to use them to adjudicate whether they're deceiving us or not. You see the problem right?
Anyone know of a publicly available data of grocery prices for staple products month over month? I really wish I would have saved my grocery receipts over the past five years. Rather than rely on my perceptions.
If you buy from Whole Foods and have Amazon Prime, your receipts are in your order history forever. It's actually been informative, because amidst all of the breathlessness from the past two years, every time I have bothered to check, most of the prices I'm paying haven't gone up at all or have gone up a tiny bit. I buy almost all raw ingredients and cook from scratch, which maybe just works differently than processe…
Wouldn't this make your bills go down?
Earlier quoted context omitted.
Shadowstats is bullshit for a number of reasons - you can read up on most of them on the official articles and publications and justifications on the BLS website -- which are generally written by statisticians with maths or econ PhDs with no vested political interest, unlike Shadowstats which is written by an MBA who needs to sell a newsletter. But you can very easily debunk Shadowstats by just averaging the ridiculo…
Quoted post unavailable.