I'm helping someone right now with a budget. She is in pretty deep $#@! right now, living on a very small fixed income (pension). She's been on it for almost twenty years, and lived quite comfortably for the first ten. The last ten have been like living in a Star Wars trash compactor scene, as she is being squeezed and nibbled to death on all sides. We're waxing all kinds of creative now, working on substitutions, augmentations, etc., and I have already calculated her price inflation. You know, the ones that affect only her, that no $#@!ing comfortably detached aggregate-thinker would even think to consider. I could feel just how real price inflation was (REGARDLESS OF ITS CAUSES) while grocery shopping with her last week--to the point where all I want to do is punch every price inflation obfuscationist in their daft little throats.
So waddya think...should I take a copy of the CPI and a mountain of other manipulated obfuscating bull$#@! and talk to her about why her "true inflation signals" are $#@!ed up, anomalous, in her imagination only, or somehow exceptional to some pointy-headed theoretical construct?
So yes, I do remember that the point of this thread was that the OP wanted to say inflation is understated and IS destroying (NOT $#@!ing "going to destroy") purchasing power of individuals. I do agree that there are ways of approximating it or getting a good sense of what it is. Why? Because I have felt it personally, firsthand, and have been $#@!ing living it by proxy through others, practically all my life. What I REJECT are all the reality-disconnected and convoluted ways that government and academics call piss on everyone's heads rain (and with straight faces, no less).
Every time I hear someone try to talk reality with those who are affected first, most, and most adversely by MONETARY INFLATION, I want to jump down their throats and rip everything that is daft and stupid out of them. If I could take them firsthand and show them firsthand--or better yet, live it firsthand--I picture them coming out like Lewis Winthorpe, Dan Aykroid's character in Trading Places, after spending a night in jail.
Starting at 00:45
"I mean, if this place is indicative of the state of correctional institutions in this country, they might as well let all the convicts out. It's far worse on the inside!"
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