Inflation is hiding in plain sight. And it’s already extracting our wealth.
Ryan McMaken –
"Where's the Inflation? It's in Stocks, Real Estate, and Higher Ed"
(Right-click title to see original story)
– Flash Points –
1 – Price Changes are not Homogeneous2 – No Deflation Here: Housing, Healthcare, Stocks, and Education
3 – Low Inflation Is Not "No" Inflation
(The above 3 points are repeated verbatim from McMaken’s article.)
– Synopsis –
In a recent article for Mises Institute, senior editor Ryan McMaken explains how inflation is already upon us, and that it’s hiding in plain sight.Inflation – It Depends Where You Look
Whether or not we experience or even notice inflation may vary widely, depending on our socio-economic status, our age, or various other factors.For instance, the price of oil has dropped over the past few years. Therefore, anyone whose business relies heavily on transportation would likely not see any inflation. Similarly, clothing prices have also been dropping, meaning that inflation might not be noticed by those operating in that sector.
Inflation – Look Here
Inflation – Look Closely
Even though inflation may appear to be low or slow, it is in fact occurring, and it may be coming faster than we believe. In fact, at a supposedly “low” level of 2% inflation, purchasing power will be cut in half over 20 years.– Insight from Outside –
Inflation can proceed just as bankruptcy does – first slowly, then all of a sudden. And when it comes, it will take away much of our wealth.Inflation – Coming for Your Wealth
Furthermore, a knock-on effect is the increasing wealth gap – between the top 10% or so and those in the lower- and middle-income brackets.
Inflation is coming – for you. (Image source)
Previous posts in this series – "Death of the Dollar, Posts 1–30"