I am sick and tired of being lied to in my face. "hurr durr inflation is only 2.3%"

They tripled the money supply AND reduced all the supply of goods and services. Inflation from that will be at least 200%. The only reason it wasn't that immediately was that velocity also plummeted as everything shut down and people stopped buying things.

It's the most obvious lie, yes.

Look into how they calculate CPI. It's not a stable basket of goods, instead, as good meat and fresh veg become too expensive, what happens is people shift to shit cuts of meat and ramen/rice, products which are cheaper and/or which haven't had the inflation hit them so hard. Which then means they stop weighting meat so heavily in their CPI calculations because people are buying less of it. The inflation is there, but the way they calculate it is designed to hide it.

Weights are fair to a point. If there's a huge cyclone that hits queensland and all bananas here are 3x the normal price, sure, take them out of the calculation for that year. And sure, horse-buggies aren't exactly a huge portion of most people's spending anymore while home computers are. It's fair to occasionally re-evaluate the basket weights. But they way they have it set up will automatically hide inflation.

I am sick and tired of being lied to in my face. "hurr durr inflation is only 2.3%"

They tripled the money supply. Inflation from that will be 200%. The only reason it wasn't that immediately was that velocity also plummeted as everything shut down and people stopped making things.

It's the most obvious lie, yes.

Look into how they calculate CPI. It's not a stable basket of goods, instead, as good meat and fresh veg become too expensive, what happens is people shift to shit cuts of meat and ramen/rice, products which are cheaper and/or which haven't had the inflation hit them so hard. Which then means they stop weighting meat so heavily in their CPI calculations because people are buying less of it. The inflation is there, but the way they calculate it is designed to hide it.

Weights are fair to a point. If there's a huge cyclone that hits queensland and all bananas here are 3x the normal price, sure, take them out of the calculation for that year. And sure, horse-buggies aren't exactly a huge portion of most people's spending anymore while home computers are. It's fair to occasionally re-evaluate the basket weights. But they way they have it set up will automatically hide inflation.