Liberal Forum

https://en.m.wikipedia.org/wiki/Purchasing_power If worker productivity declines...which it has...but inflation does not change...then purchasing power will also decline. https://www.bls.gov/opub/btn/volume-6/m ... ession.htm...

No. They are related. They just are not identical....

So the dollar's purchasing power and inflation are unrelated topics? Thanks for straightening that out....

the purchasing power of the dollar has gone down remarkably. That is correlated with inflation, but it is not identical to it. The fed is not expected to control the dollar purchasing power. I personally tend to blame 'diversity' for most of that....

2%, the dildo says. Remarkable job, he says. gas milk housing bread I remember when gas and bread were around 10 cents - one silver dime. A home was maybe 10 grand. Our new 3 bedroom in town cost 7200 in '63. At 2% inflation, it would be worth about 17k today. Let's see what zillow says, mr. ...

...as someone who has grown a little fond of you charles, SHHHHHHHHHHHHHHH...you're only digging deeper...ENOUGH OF YOUR CHILD-LIKE OPINIONS/UNDERSTANDINGS ABOUT SOME 2% GROWTH MEASURED IN SOME ILLION$ OF DOLLARS WHEN IT'S PAINFULLY OBVIOUS THAT YOU ARE A BUTT-IGNORAMUS AS TO THE ORIGIN AND NATURE O...

2% inflation is too low, even assuming that figure is real and not a simulacrum (which it probably is)....

- Modern Money Mechanics, Federal Reserve Bank of Chicago https://archive.org/stream/ModernMoneyM ... 2/mode/1up...

the fed operates as it does to keep inflation around 2%...which it has honestly done a great job at...and it certainly would not be possible for us to have 2% inflation if private banks were making their own money. Also, the fed is supposed to try to keep unemployment around 4.5%, which it has been ...

...DANTE, i believe you'll find that the initial smoke and mirror, paper-shuffle transaction involves the 'federal reserve board' acquiring the interest-bearing treasury bonds for nothing/free but depositing these bonds in their 'member banks' [the thousands of private commercial banks] where they a...