Quote:
Originally Posted by Eponymous
Who says that (besides the president in taking shots at the Fed)? Inflation has been around 2% annually, and the Fed has been raising rates in an attempt to keep it in check. You might think that 2% isn't much, but at that rate, prices would be about 50% higher after 20 years. Makes sense that eventually 1/2 games should become 1/3 as the standard lowest NL stakes.
First of all, 2% inflation is what the govt reports. But Main Street inflation in Peoples' real costs from housing to healthcare to childcare to college costs to transportation to movies to sporting events etc. is beyond ridiculous (certainly NOT 2% or lower).
Watch any business channel or CSPAN or read any business or political wide audience capturing website on the internet and they all will repeatedly say (as been the case now for YEARS), that inflation is low if not stubbornly so. It is a page right out of propaganda brainwashing where if something is said repeatedly enough time no matter how ridiculous, it becomes "true" to the populace. Saying inflation is "low" is like me telling you that I am Santa Clause. Maybe If I say that enough times given a powerful bully pulpit, a large electorate would be gullible enough to believe that too. But who knows! Other than that, what I do know is 1/3 would not be a surprise based on the aforementioned.
Last edited by HurtLocker; 01-13-2019 at 11:08 AM.