The whole “measure it the way they used to” meme implies that you believe in the website shadow stats.
Well you might want to know that shadow stats doesn’t actually recalculate inflation using old methodology, it adds some constant factors.
Well you might want to know that shadow stats doesn’t actually recalculate inflation using old methodology, it adds some constant factors.
Even a conservative government estimate says 19%: https://lao.ca.gov/LAOEconTax/Article/Detail/766#:~:text=Pri....
In all honesty, Volcker wasn't even needed. Let the initial COVID crash wipe out asset prices, helicopter money to everyone as we did, and let the people who were responsible enough to not get wiped out buy into ownership of properties and businesses. Recovery starts that winter and we're already there by now. Same diff to the average American, at worst, and you're not puppeteering zombie corps that you have to keep dumping money into to stave off the defaults that should have come already. This circus where the same people and entities who got us into this mess get to jack up prices to offset wage increases, and then some, is avoided. I don't see the issue.