Purchasing Power of the Dollar

[Ozarks Tom]

Although the politicians keep saying it's our imagination, yes, your dollars are worth less every day.  It's not a fluke or an accident, the Fed is manipulating the economy to keep the government and Wall Street afloat, at our expense literally.

wolfstreet.com/2021/03/10/purchasing-power-of-the-dollar-dwindles-to-another-record-low-the-fed-wants-it-to-dwindle-further-and-is-getting-its-wishes/

Another chart from the St Louis Fed on the M1 money supply, which if you'll notice, they've stopped updating this chart even though it doesn't include the $1.9 trillion just added, or the $3 trillion they're about to spend on "Green Energy".

fred.stlouisfed.org/series/M1

click on image to enlarge

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[Jolly]

Funny you should mention this..

My FIL had a new A/C and heating unit put in last week. Cost was $4100 was for a 3 ton. Going back through my papers, the same guy had put a 3.5 ton in my house in 2004. Along with running a couple of extra flexible ducts, two vents and recutting the plenum chamber. Cost in 2004?

$1950.

[blackfeather]

On this subject I found this...Attachment Deleted

If you notice the lower line shows minimum wage and the upper line minimum wage adjusted for inflation.  The neat thing is every time they raise minimum wage since the 80's  over time the benefit is lost.  raising minimum wage looks to cause inflation that in the end balances back out to about the same level. In 79 when I earned 2.52 an hour, I was doing better than someone earning 7.25 today.  My daughter noticed that the price of doughnuts tracks inflation and minimum wage pretty nicely.  Back in the late 70's a dozen doughnuts ran 1.99 per dozen, in our grocery store today they run about 9.50 a dozen.  Minimum wage in New York is 12.50.  In 1979 a dozen doughnuts were 78% of an hour's pay and today 76% of an hour's pay, almost the same.