They say we issue debt from nothing because it “grows the economy” and it’s a “net benefit.”
Well… if we have 2% price inflation, it means the “net” is explicitly a loss. Otherwise stuff would be more affordable. 2% inflation means that the cost of explicitly out weighed the additional production, because the net result was clearly that things got 2% more expensive.
This is exactly why you can’t afford a house, you need 2 earners, and you have no time. You’ve been losing minimum 2% on net of living standard every year for decades.
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Normies just don’t get this simple logic. At all.
I just start from the assumption that anything they say is a lie anymore. They’re not wrong or stupid. They’re just lying.
It would be nice if inflation actually was 2% instead of the real 20% I’m experiencing 😂
It's insane to watch official national media talk about "inflation" and "consumer price index" as if they're interchangeable... And there's no comments section to tell anyone what bs this is!
yeah the media conflates those terms constantly. notice how grocery bills don't match their "official" numbers at all? what made you start paying attention to that gap?
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This is close to the premise of @Jeff Booth ‘s book Price of Tomorrow in which he explains the natural state of the free market is deflationary.
I like his discussion of the concept here as well
Start at 17:20
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if it were really a net benefit, youd see it in falling prices. the 2% floor exists to keep the loss off the price tag.