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Page added on September 14, 2014

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Inflation Watch: How Much $1 Used To Get You

Despite promises that inflation is “contained,” the dollar ain’t quite what it used to be…

 

 

Don’t Worry. Inflation is Well Contained according to your friends at the Federal Reserve.

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9 Comments on "Inflation Watch: How Much $1 Used To Get You"

  1. Plantagenet on Sun, 14th Sep 2014 3:12 pm 

    The FED policy is to INTENTIONALLY increase inflation and devalue the dollar. They’ve done this by printing dollars. It is an inevitable side effect of the enormous deficits being run by the Obama administration and the weak recovery we’ve seen since 2009—-we can’t afford to pay our debts, so the Fed is destroying the value of the US dollar to reduce the burden of repaying the federal debt.

  2. Norm on Sun, 14th Sep 2014 4:08 pm 

    Inflation is good. Welfare bums, minimum wagers and other enemies of society will get squeezed, cause inflation is like a pay cut.

    billionaires who already hoarded all the money, will effectively get their fortune sbrinked. cause it won’t buy as much.

    Folks in debt will win, such as the hard working middle class that actually does all the work. Those people are typically negative net worth cause their jobs dont pays bough to pretend to be middle class. The employer keeps it all, fueling class disparity. So inflation belps them cause the debts get easier to pay off.

    For such reasons everytime I see a box of corn flakes go from $5 to $6, like an out of control mechanical pinball machine, I say good, no problem.

  3. noobtube on Sun, 14th Sep 2014 4:14 pm 

    I know, since there is a War on Drugs, and a War on Terror, and a War on Poverty… there needs to be something more direct.

    Let’s just call it a War on the Poor.

    Has a nice ring to it, doesn’t it?

    Round up poor people and throw them in jail because they are the enemy of society.

    That’s the American Way.

  4. Chris Hill on Sun, 14th Sep 2014 4:21 pm 

    Prices going up don’t bother me near as much as the stealth size reductions. Last year the local grocery store dropped the frozen vegetables from 16oz to 12, now that’s annoying. I’m also noticing a lot of those here’s the new price but here’s a coupon to get it back for the old price. Once they get you used to the new price, the coupons will go away. You have to keep track of the size and price of everything, otherwise you don’t even know you’ve been had.

  5. Norm on Sun, 14th Sep 2014 4:21 pm 

    Uh oh boo tube is mad at me cause he makes minimum wage. Apology I was thi king of the ones who make nine an hour, and buy nine an hour of pot with it. I routinely offer fourteen an hour for personal yard work, often times reaching out to minimum wagers, and am only spit at. So I mow and trim myself. Minimum wagers typically seen hurling Molotov cocktails to demand fifteen an hour, good luck with that. Imagine all the pot they could buy with fifteen an hour. Meanwhile the bum at the intersection in the fake wheelchair is making thirty an hour.

  6. Dave Thompson on Sun, 14th Sep 2014 5:30 pm 

    Why do we still use small change? At this point if everything was rounded to the dollar how much difference would it make in most peoples budgets?

  7. Plantagenet on Sun, 14th Sep 2014 6:23 pm 

    People who are cheering for inflation because they think its good for the middle class have never actually experienced high inflation. In the real world when prices go up but wages don’t, the middle class gets wiped out.

  8. Makati1 on Sun, 14th Sep 2014 10:14 pm 

    Everything is relative:

    1955: Minimum wage was $0.75/hr.
    1960: Minimum wage was $1.25/hr.
    1973: Minimum wage was $1.60/hr.
    1983: Minimum wage was $3.35/hr.
    1998: Minimum wage was $5.50/hr.
    2014: Minimum wage is ~$7.25/hr.

    Inflation is another form of tax, where the profits go to the top. The banking system is all about making the top fatter and the bottom thinner, and keeping the bottom from realizing that they are being pillaged.

    “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford

  9. DMyers on Sun, 14th Sep 2014 11:03 pm 

    Plant

    A very good point. I have memories of the last inflationary period, late seventies-early eighties. It was a completely different zeitgeist. Remember, this period was pre-computer. Human labor was still in demand. For that, wages did rise. There was even a cost of living adjustment made to Social Security. Of course COLA’s became a stable element of every union contract.

    The same is not the case, today. Wages will not rise in comparison. The next round of inflation will be devastating to [what’s left of] the Middle Class.

    IMHO, there is virtually no upward pressure on wages, even where skills were once considered rare. Inflation, therefore, will have a wipe out effect. Substance does not exist in the economy to withstand it. No “adjustments” will pay out. “Economic Growth” will be replaced by “Unpaid Economic Adjustment Stipends,” which, by definition, are unpaid

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