Ravages of Inflation
by Larry Chiang on July 13, 2022
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All of the US wage growth since the start of the borrowing/printing binge has been a mirage, up 12.3% in nominal terms but -1.5% after adjusting for higher prices. Initially, everyone loves “free money.” It’s only w/ the passage of time that the ravages of inflation are revealed. |
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7/13/22, 8:13 AM |
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Ravages of Inflation
WordPress’d from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on
https://www.YouTube.com/watch?v=ejeIz4EhoJ0