There is no (real) answer. They've convoluted the whole situation.SleepyMcgee wrote:Lol. That's LITERALLY the exact situation where understanding the inflation rate is important. Higher inflation rates equate to more 'outgo'.Wulfman... wrote:Nope! Still stupid questions.......however "basic" you think they are.SleepyMcgee wrote: Care to try again? They are incredibly basic.
When you live on fixed incomes, you just try to keep the outgo less than the income.
Den
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So...
Why so scared to answer the question?
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The CPI isn't the TRUE measure of the inflation rate. Just as the U3 isn't the true unemployment rate.
You have:
https://en.wikipedia.org/wiki/Inflation
You have:
https://en.wikipedia.org/wiki/Deflation
They've devalued our currency. (mainly to make it cheaper to pay off foreign debt)
They've rigged the system of interest rates big banks (don't) have to pay.
They've cut the interest rates that banks pay to their customers. ( a small fraction of what it was prior to April of 2009 )
The whole system is phony.
Den
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