[elmar]

let's do some assumptions:

- the 2% inflation number is completely wrong and real inflation is around 5%~10%

- with no government monetary intervention we should have deflation let's assume around 5%

the delta is now 10%~15% looks less insignificant.

[mikeash]

How long does it take for new money to get into the hands of the average person? I'd think a couple of months. A 15% inflation delta then means an "invisible tax" of maybe 3%. Not very important. And that's ignoring the highly questionable nature of those stated assumptions.

[elmar]

I have seen studies where it could take up to 2 years for the new money to completely penetrate the economic system.

Unfortunately currently don't have the links, I will try to post it later.

[twblalock]

> the 2% inflation number is completely wrong and real inflation is around 5%~10%

I can't find any evidence-based reason to believe that.

[elmar]

Alternate Inflation Charts

http://www.shadowstats.com/alternate_data/inflation-charts