re: Inflation still rolling

quote:

---

15% tip

---

so if you bought a $100 bottle of wine you would tip $15 but if you bought a $20 bottle of wine you would only tip $3? Interesting...and stupid the waiter did the same amount of work.

Big Mac Inflation metric

In a nuthsell, Big Macs are considered by many to be a far better gauge of inflation than anything else. It's a common good whose price is influenced by the confluence of prices from almost ever sector of the economy (energy, shelter, food, etc). The price of a Big Mac is easy to find and is so widely available (through every franchise) that it's impossible to shade through government bias. Even the NASDAQ has a tracker for it.

This shows that the Dollar today is worth roughly half of what it was in FY2000 (a Big Mac back then costed $2.51, vs the average of $5.15 today). The official BLS numbers show that inflation from FY2000-FY2002 is just under 2.5% (2.486957%). The Big Mac Index shows nearly double that at around 4.7%.

Among many economists, the belief has become that this distortion has increased since COVID. The guess is to make the government/politicians not look nearly as bad as well as attempting to keep people from holding government accountable by simply lying constantly and consistently.

George Orwell nailed this in his book 1984:

quote:

---

It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grams a week. And only yesterday it had been announced that the ration was to be reduced to twenty grams a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it. The eyeless creature at the other table swallowed it fanatically, passionately, with a furious desire to track down, denounce, and vaporize anyone who should suggest that last week the ration had been thirty grams.

---

It turns out that either he was prescient or that our government decided at some point to use it as a road map.

Up next: war with Eastasia or Eurasia.

quote:

---

Outrageous prices Yet you still paid

---

Inflation defined in six words.

quote:

---

Alcohol is the deadliest drug in America.

---

Deadliest legal drug . I've had family members affected by it, but with all do respect, we all don't have issues with it. Most know how to manage it and enjoy their time with it.

quote:

---

Two mixed drinks (a Tito’s and soda and a casamigos and soda) at Madison Square Garden just set me back 85 bucks.

---

Dumbass is still rollin, too.

Met a co-worker for lunch at 5 guys (their choice). Cheeseburger and fries, no tip, no drink. $20. Insane. This is in NC btw

Granted we could have split 1 order of fries as I forgot how many they give you as it’s been years. But that would have reduced it $17.50