Forum Post: What do you think the inflation rate is? I don't care what CNN or the Obama administration tells you.
Posted 12 years ago on Nov. 19, 2011, 1:22 a.m. EST by LiberalsAreExHighSchoolGeeks
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You spend your money, so you should have a sense of what the REAL inflation rate is. The real inflation rate includes whatever legal goods/services you tend to buy an a daily basis.
Wouldn't you think you could go to a government site to get a quick answer to a simple question? Go to http://www.bls.gov/cpi/ and see how long it takes you to figure it out.
Well supposedly it's 3.53%. That mean that if you could buy a bag of stuff or tank of gas for $20 a year ago now it costs $20.71.
This is what The Establishment wants you to believe. Obama 2012!
Compare it to periods of real inflation:
http://www.usinflationcalculator.com/inflation/historical-inflation-rates/
And gas prices are tied to so many things other than inflation it's a ridiculous measure. Factor in all the externalities and it should cost much more.
Also: http://krugman.blogs.nytimes.com/2011/09/19/when-inflation-was-good/
Geeks FTW.
No true liberal approves of Obama. How much has the price of "a clue" gone up?
"No true liberal approves of Obama."
Trudat.
Yep, they still don't know a liberal from a neoliberal.
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Do you understand what inflation is? Inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
If I win the lottery does inflation cease to exist for the whole country?
No, your definition is incorrect. Prices can rise for any number of reasons. Inflation is an oversupply of money. Maybe you can get one of those geeks to explain the monetary system to you. They're still a lot smarter than you.
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