According to a Reuters/Ipsos poll released Friday, 82% of Americans say inflation persists under President Donald Trump — including most Republicans — with one GOP-leaning voter adding, "We are struggling."
Inflation has always been fake, under both republicans and democrats. Hedonic adjustments mean that as your car gets worthless features, like not having door handles, the money supply grows, then food gets more expensive. As people substitute for cheaper food as prices rise the basket then changes, so inflation is hidden as people substitute steak for ground beef; grocery stores then shrinkflate goods so quality also goes down. Housing is almost entirely eradicated from the CPI, they instead ask a boomer who bought their house for a sack of potatoes what they think their rent would theoretically be.
If you measure prices in a commodity like gold, which doesnt grow in supply 8% a year, its far clearer what real inflation is. This is how the stock market can triple every decade while it doesnt seem like we are any more productive, going from iphone 7 to iphone 17 didnt triple the size of our economy.
Inflation has always been fake, under both republicans and democrats. Hedonic adjustments mean that as your car gets worthless features, like not having door handles, the money supply grows, then food gets more expensive. As people substitute for cheaper food as prices rise the basket then changes, so inflation is hidden as people substitute steak for ground beef; grocery stores then shrinkflate goods so quality also goes down. Housing is almost entirely eradicated from the CPI, they instead ask a boomer who bought their house for a sack of potatoes what they think their rent would theoretically be.
If you measure prices in a commodity like gold, which doesnt grow in supply 8% a year, its far clearer what real inflation is. This is how the stock market can triple every decade while it doesnt seem like we are any more productive, going from iphone 7 to iphone 17 didnt triple the size of our economy.