16 Matching Annotations
  1. Mar 2021
    1. A normal household has to pay rent or make mortgage payments. To arbitrarily exclude the biggest expense to consumers from CPI is pretty misleading.When you create new money prices don't rise evenly. At the moment we have new money being created by central banks and given to privileged institutions who get access to free money. They use that to buy investments: real estate, stocks, etc. These are precisely the things getting really expensive. The last things to get more expensive during big cycles of inflation are employee wages.The world used gold/silver for its currency for most of human history until 1970 when we entered this period of worldwide fiat currencies. Our current situation is pretty remarkable.The whole argument for printing money being OK is dumb. If it's OK to print money to pay for some things why are you not doing it more? Why not make everyone a millionaire?I think that another deception is that we should ordinarily be experiencing price deflation. Every day our society is getting more efficient at making things. If prices for goods are staying the same then it may not be that their value has not changed, they may be less valuable goods, but they cost the same because you're also buying them with less valuable currency.If you have gone through years of moving everything to China to make it cheaper to manufacture, improved technology to make processes more efficient, etc. and I'm still paying the same amount for all of the stuff in my life, then again, maybe all these things are cheaper, but I'm also buying them with currency that's less valuable.Ultimately, printing money doesn't make anyone more productive or produce anything. All it does is redistribute wealth from those that were first to get the new free money away from those that were last to contact it.

      Solid HN comment on inflation

  2. Feb 2021
    1. Even worse, Shadow Stat's numbers show so much inflation the past 25 years that, as Jim Pethokoukis points out, it implies the economy hasn't grown at all during that time.

      Important Point

      Real economic numbers validate a 25 year period (or more) of manipulated inflation and low growth economy. INCOME INEQUALITY statistics and recent studies ALL validate fuzzy math, rosy picture for the 1% and stagnant dismal picture for average Americans. Trump based his entire campaign and Presidency on Making America Great Again

      Supporting Link

    2. The Quest for Truth

      The quest for Truth is everywhere and not limited to the economic topics linked here. This is just a topic that started a thought process where I had access to a convenient tool (Hypothesis) to bookmark my thoughts and research.

      Primary thought is: The Quest for Truth. Subcategories would provide a structured topic for the thought. In this case the subcategory would be: US Economy, Inflation

      The TRUTH is a concept comprised of inconsistencies and targets that frequently move.

      Targets (data, methods, people, time, semantics, agenda, demographic, motive, means, media, money, status) hold a position in time long enough to fulfill a purpose or agenda. Sometimes they don't consciously change, but history over time shines light and opens cracks in original narrative that leads to new truth's, real or imagined.

      Verifying and validating certain Truth is very difficult. Why is That?
  3. Oct 2020
  4. Aug 2020
  5. Jul 2020
  6. May 2020
  7. Jun 2019
    1. inf lationary economy

      inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.

  8. Nov 2018
    1. The Bureau of Labor CPI inflation calculator says that $5 in January 1983 was the equivalent of $12.60 in December 2017. The average wage in December was $22.30. In 1983, $5 an hour was poor pay and $11 is today.
  9. Jun 2016
    1. 0authors—a leading indicator of hyperauthorship?—in-creased from 1 in 1981 to 182 in 1994 (McDonald, 1995)and that the average number of authors per paper in theScience Citation Index (SCI)increased from 1.83 in 1955 to3.9 in 1999 (personal communication with Helen Atkins,Director of Database Development, Institute for ScientificInformation, Philadelphia, 2000). To use a couple of ran-dom examples: a 1997 article inNature(cited almost 600times since then) on the genome sequence of a bacteriumhas 151 coauthors, drawn from dozens of research labora-tories scattered across twelve countries (Kunst et al., 1997).A recent (Daily et al., 2000). two-page article inScienceonthe economic value of ecosystems has no fewer than 17authors and five acknowledgees. I

      considers 100 authors evidence of hyperauthorship; gives examples of papers with 17 authors ;-)

    1. WhereAIsOrdinary:TheEvolutionofAmericanCollegeandUniversityGrading,1940-2009

      Rojstaczer, Stuart, and Christopher Healy. 2012. “Where A Is Ordinary: The Evolution of American College and University Grading, 1940–2009.” Teachers College Record 114 (7).

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    Annotators

  10. Mar 2016
    1. But grade inflation, and thus grades’ diminishing importance, is real. The question is whether we can see in this trend something better.
  11. Oct 2015
    1. The parallels with the 1970s are uncanny—including the immediate easy-money response of the Federal Reserve in 2007–08, which will almost certainly generate strong currents of uncontrollable inflation,

      Sometimes there isn't an easy fix for the repercussions of an easy fix we made before to a previous issue.. Instead of a band aid, we need to input the necessary monetary/other resources to completely fix the issue, or it will be a constantly recurring issue