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Tag Archives: inflation
For instance if beef becomes too expensive, people buy chicken instead, then the CPI starts using chicken prices, because that’s what people are buying. Figuring it this way reduces inflation. When beef gets to expensive we eat chicken, when chicken gets to expensive we eat baloney. But there is no change in inflation.
A second major factor is that the government includes quality as well as increases in figuring prices. …Read More...
I feel strongly that we will soon enter a period of high inflation. All the signs are there and our government continues to print money. How it will affect us depends on the rate of inflation. There are several historic examples that we can consider.
If we have massive inflation like the Weimar Republic in Germany in the 1920’s or in Argentina during the 1990’s, the dollar will become worthless. In the Weimar Republic, the value of the Papiermark declined from 4.2 per US dollar at the outbreak of World War I in 1914 to 1 million per dollar by August 1923.…Read More...
Yesterday I went to Costco with my wife for the first time in quite a while. I don’t like to shop. After looking at the prices in the meat department, I see why she is feeding me more hamburgers and less steak. Talk about sticker shock.
So I figure I will look at the statistics to see how much inflation we currently have. The U.S. Bureau of Labor Statistics has a website that they claim keeps track of inflation. Here is the latest press release on that site. “The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in October on a seasonally adjusted basis, the U.S.…Read More...