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nochonApr 1, 2021
[chuckle] Now do assets as well. Do healthcare and school fees and energy for good measure.
> […] dohicky […]
Also see Jeff Booth's "The Price of Tomorrow" for a discussion on the deflationary effects of technology.
Also consider velocity of money and if it slows as governments and commercial banks print.
Also, M3 contains illiquid assets. Perhaps, better to think in terms of base money? https://cryptovoices.com/basemoney
For fun, the history of McDonald's menu prices.
> Official inflation figures for 2004-2019 are $1.35, about 2% per year, and that includes the time period of the 2008 crash
Inflation is perhaps a vector.[0]
> Median wages have increased by about 2.6% per year
US centric but consider also https://wtfhappenedin1971.com/
[0]: https://www.lynalden.com/fiscal-and-monetary-policy/