> You’ve lost your mind if you really believe inflation has only been roughly 2% the last decade.
Do you generally find that being insulting without providing evidence for, or even explaining, your position usually brings people around to your point of view?
That being said his point is true. They printed money and that money had to increase the price of something.
If you give printed money to state employees consumer goods go up.
If you give it to banks (QE) the price of financial assets goes up. The financial bubble we’re in is huge (pray, what great increase in productivity has occurred in the last ten years that the stock market has gone up so much).
If the CPI included financial instruments (ie my retirement) this inflation would be easily spotted.
QE is maybe the most pernicious inflationary policy yet since at least the previous inflationary spending gave money to normal people but now financial oligarchs are the only ones who make money!