Although there is something to say for consistency.For example, I see Someone blogs (!):
milestone
I often talk about inflation.But today is the first time in my life that I really use a dollar bill as toilet paper.
Then 12 years ago, he wrote:
The tipping point of hyperinflation
follow up Yesterday’s post Regarding inflation defense investment, Xie Paul and Amit Gate Quoting John Mauldin’s weekly newsletter, which pointed out that the “critical point” of hyperinflation usually occurs when the government has to borrow 40% of its expenditures. Coincidentally, this is Barack. What Barack Obama and his master printer Ben Bernanke thought of the United States for a moment:
“In the 20th century, there were 28 hyperinflation in the national economy, 20 of which occurred after 1980. Peter Bernholz (Economics Professor Emeritus, University of Basel, Switzerland (WWZ) Center for Economics and Business) spent his time studying politics The world is intertwined with the economy, paying special attention to money. Bernholz analyzed the 12 largest hyperinflation events in his recent book “Monetary System and Inflation: History, Economics, and Political Relations”-all these events are caused by It is created by creating money to finance huge public budget deficits. His conclusion is that when the government deficit exceeds 40% of its expenditures, there will be a critical point of hyperinflation.
“According to the current Office of Management and Budget (OMB) projections, US federal expenditures in fiscal year 2009 are expected to be US$3.653 trillion, and fiscal year 2010 to US$3.766 trillion, with unified deficits of US$1.580 trillion and US$1.502 trillion respectively. The forecast means that the US deficits in 2009 and 2010 were equivalent to 43.3% and 39.9% of expenditures. Simply put, about 40% of our government expenditures must be borrowed.
But hey, what is the worst possible scenario? The recent hyperinflation has only brought about small things like civil war and genocide. Providing another well-deserved rescue plan for Wall Street, auto workers and real estate agents requires a small price!
This is a description of the evolution of CPI (standardized to 1 when he wrote his last letter in October 2009). I also showed the purchasing power of consumers in dollars (published by BLS), which was standardized to 1 in the same month.
figure 1: In October 2009, the CPI of all cities was normalized to 1 (black, left logarithmic base e-scale), and the purchasing power of consumers in US dollars was normalized to a value of 1 in October 2009 (blue-green, right-marked) Spend). The red dotted line in October 2009. Source: BLS via FRED, author’s calculations.
Hope this picture is helpful.However, since Mr. Varones Asked me (in a separate context):
YU does not consider the impact of work rights on other variables such as employment growth or cost of living?
A generation Note in another post Other price indicators, including non-governmental price indicators (for those with conspiracy minds) also show similar trends.
Interestingly, what Mr. Varones did earlier this month was equivalent to throwing away the 80 cents he would spend in October 2009. Well, this is a free country.
(Also, not sure about Mr. Varones’s Comment 7 years ago Already old. )
It is not just a lack of evidence to confirm climate models. We now have years of evidence that the predictions of global warmers are wrong: hockey sticks, ice-free North Pole, snowfall is a thing of the past in England…
