Inflation
December 5, 2012 Mike Econmomics 101, Reference,
We are bombarded by a constant stream of propaganda and talking points every day. They are taught in the schools, repeated in all media, and parroted by the masses. You can’t even enjoy a sitcom on TV without being re-educated by government-approved talking points. You probably argue against these points (fallacies, lies) frequently, and if [...]
14th Amendment, Affordable Health Care Act, Broken Window Fallacy, Capitalism, Civil War, Clinton, Constitution, CPI, Debt Ceiling, Deficit, Department of Education, DOE, Dollar, Federal Reserve Bank, Free Health Care, Free Market, Free Speech, Gold, Gun Control, Hedonics, Inflation, Inflation Statistics, National Debt, Norway, Obama, Obamacare, President Lincoln, Social Security, War
January 23, 2012 Mike Econmomics 101,
To devalue a currency, like the dollar, means that the value of the currency decreases. The value of a currency is also referred to as purchasing power. The more a currency is devalued, the less you can buy with it because the purchasing power decreases. The graph below shows the purchasing power of the US [...]
Dollar Devaluation, Inflation, Inflation Hedge, Money History
January 3, 2012 Mike Econmomics 101,
When the government creates inflation statistics, they use all kinds of trickery such as substitution and hedonics to massage the numbers to make themselves look good. Sometimes they even change the rules openly, but there are always people who keep track of the real inflation numbers. If inflation was measured the same way that it [...]
Inflation, Statistics