re: CNN: Middle class incomes jump to $61,400...WTF are they doing posting this?!?!

I'm sorry? To what are you referring?

I am saying that his premise that "inflation has killed the dollar" over the last thirty years is outright false.

Inflation according to any measure you want to look at has been relatively even or even a little lower over the last thirty years than prior to that.

CPI

Inflation is natural in a growing economy, and we've done a pretty good job over the last thirty years of having some inflation but without devaluing the dollar too much and keeping volatility low.

quote:

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Inflation has been virtually no different from 1988 to present than it was before.

If anything, it's been much more modest and much less volatile during the past thirty years than it used to be.

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Yeah. According to CPI, the 30’s the annual inflation rate is 2.53%. In the 75 years before that, it averaged 3.36%. At the current rate, the value of a $100 today is equivalent to $47.23 in 1988 whereas it would be than it would be worth $37.07 using the rate before 1988.

So if real income and real net worth increases, then that’s what really matters. And deflationary environments often result in the oppose spending and investments stagnate.

Someone is getting fired.