Never Mind Bogus Measures Of Inflation - Purchasing Power Is What Counts, And It's Decaying
Authored by Charles Hugh Smith via OfTwoMinds blog,
If your earnings rose by 34% from January 2020 to October 2023, congratulations, the purchasing power of your labor kept pace with higher costs.
Official measures of inflation are a long-running tragi-comedy: comedic in the transparency of the distortions, and tragic in the consequences: what will you believe is true--the statistics or your lying eyes?
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