Inflation unchained: US dollar down 23 percent from 2000, Tuition up 72 percent, and home values up 44 percent. Incomes adjusting for inflation are back to 1990s levels.
It is hard to believe that people in the US are still denying the obvious impact of inflation. The slow erosion of purchasing power has occurred for many decades now. What people tend to forget in a completely fiat based system is that the Fed can print as much money as it likes. And they have in digital format but also monetizing debt via mortgage backed security purchases. When the crisis hit in 2007 debt was being destroyed via foreclosures and bankruptcies. Debt in a fiat system is money. That is why the Federal Reserve injected trillions back into the system to revive it. Yet this money did not trickle down to most people. However, today, we are seeing where debt is present prices will soar. Just look at student debt and housing prices again. How is it that college costs and housing prices are moving back up a nice pace when actual household wages are stagnant? Because inflation is hitting the system and more debt is accessible to these sectors...
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