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Old 09-20-2023, 05:35 PM   #101 (permalink)
darcane
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Quote:
Originally Posted by freebeard View Post
Keep in mind that the upward creep started in 1913.


inflationdata.com/articles/2021/01/01/long-term-inflation-charts-updated/

2600 percent!

I'm also an optimist. The unionized manufacturers selling EVs at a loss will be superceded by Tesla (and possibly some also-ran like Aptera or Arcimoto).

edit:
Looking at the last five years inflation is similar to taking all the books older than 2008 off the high school library shelves.
Your chart is missing the last few years... if you added those you'd have a significant uptick at the end and a total of over 3000%.

So, yes, it's been on an upward kick for a while, but the last few years have a much more significant effect on the economy than inflation has had in decades.

I'd say this is nothing like your book ban example, since 1) there is a huge increase in inflation recently, and this is a significant change and 2) books are not a commodity, they all have unique topics and aren't interchangeable. Whereas 10% of inflation is the same whether it is this year, or 100 years ago.

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