Who the hell are you kidding, Research by a "Zionist Harvard professor". The things that have remained somewhat constant are because we use cheaper slave labor from other parts of the world, the petro $ statist, and lower production costs, anything made here where the production side has not come down is outrageously expensive now.Rich wrote:Inflation is hard to get right. 4% might be a better estimate. MD makes a lot of valid points - costs really haven't gone up for the majority of items. In fact, things are cheaper than they've ever been. According to research by Harvard professor Elizabeth Warren (I like her economics but not her politics) the only two things that households spend more on now than compared to 1970s are mortgages and cars. An individual car is much cheaper than in the 1970s but households tend to have more than one car nowadays. In the 1950s only 15% per cent of American households had more than one car.djfourmoney wrote:The official rate of inflation already makes your plan flawed; The Unofficial inflation number is around 9%.Rich wrote:I'm not going to be "rich" by what many people would think of as rich but I am really focussed on having "enough" money. I don't think I have what it takes to be rich but I can get enough money for my needs.
I'm up to year 14 ie if I left my job tomorrow I'd have enough money to last for 14 years (1500 USD per month inflation adjusted - inflation rate of 3%, rate of return of 6% after tax). I'm a way off from getting to my goal of 25 years but really keen to make it.
It also stands to go up, though I don't believe we'll ever experience the hyperinflation alarmist like to talk about.
IMHO and I don't claim to be an expert but it seems to me you need to project what inflation is going to be 10-15-20 years out and adjust whichever one is easier -
Lifestyle or Income source
However the truth is worst than that, since 1970 on some items vital to being considered "Middle Class" have gone up 200-300%!
Cornfed is right, the economy has been basically stagnant since the 1970's, Dean Baker has been saying this for a very long time actually.
There are a lot of issues here but as soon as the petro $ is discarded you are going to see the masive inflation all at once and it will be done on purpose. Go research countries using fiat currencies when things go bad with them, you can start with Argentina for a good idea of how your whole world can be manipulated by allowing the fruits of your labor to be tied to a con.
Your gonna see it in 3rd world America coming up.