#inflation #cpi #money #credit #deflation #prices #fiatcurrency #brettonwoods #debt #moneysupply
Today we will look at the classic definitions of inflation and deflation and see why we have had inflation for the last forty years despite the fact that some people will still argue we are experiencing deflation.
We will also see why the baskets that measure the general consumer price levels are heavily doctored and not in themselves inflation.
John Williams' Shadowstats: http://www.shadowstats.com/
U.S. M2 Money Supply: https://fred.stlouisfed.org/series/M2
U.S. M3 Money Supply: https://fred.stlouisfed.org/series/MABMM301USM189S
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Thanks again for the educational report on inflation, @maneco64. I experienced a 10+% inflation period back in the 1970s. It was painful, cannot imagine hyperinflation.
Hi @cve3, I think all the cheap foreign imports and outsourcing has hidden some of the inflation but as you saw from Shadowstats CPI is still running around 10% which is similar to the 1970s.
The modern meaning of "inflation" is newspeak. You pointed out that "cash" is newspeak. I had never heard of the definition you referenced in your dictionary until I started reading and watching Bitcoin related content. I always thought it was strange they would use some other definition. Doesn't doing so only confuse the uninitiated?
There are large communities that see inflation meaning one thing and another that sees it means the other. I use the phrase "money supply expansion" so others can understand. I have found distinct meanings for "technical analysis" and also "money".
Yes, it is frustrating how almost everyone has been confused as the bankers and politicians rip the public off with their schemes.