/biz/ - Business & Finance

did they changed the cpi formula again?

Death to America
Bomb America
Bomb the federal reserve
Kill politicians
Kill CEOs
Kill Joe Biden
Kill Jerome Powell
END CAPITALISM
FREE THE PEOPLE

You vill eat ze TV and you vill live under ze bridge

>>56350634
>ex food, energy, shelter and used cars
is this the joke?

>>56350646
things worse than this will happen to the us once their dollar becomes worth less than dog shit

solution to inflation is literally lowering the cost of transportation, gas prices have to go back to 1-2 usd for cost of living not to increase too much

>>56350679
That and bringing back WFH so people can earn higher paid salaries and live farther from high COL cities.

>>56350634
>Expert opinion and commentary
Is the the dip shit who insisted home PCs and the Internet were nothing more than a wild random passing fad and no one be using them after the "fad" wore off?

These fucktarfs need to stop spewing their vomit every 2 seconds about every little thing

>>56350656
Yes goyim we beat the inflation (if you don't eat and live under a bridge)

>>56350679
>>56350837
Why not just take transit? My cost of transportation is just $75/mo.

>>56350837
>if you just ignore the most important things it's like there's no inflation

>>56350913
Not an option in america because niggers

>>56350967
Eh, depends on where. I live in Chicago and so long as you aren't going to the obviously bad parts of town (and there's no reason for you to go there anyway) it's totally fine.

Or you could just live in the Burbs and take Metra to downtown, which is like 95% white every time I take it, since it's basically a commuter-centric service. Then you're just driving around your suburb and not driving for your commute (aside from to-from the station). Plus you get top-tier public schools

It's only 2 points more than the previous 7 point increase! Inflation = over

>>56350634

the jews call this "chutzpah"

>>56350913
My city has basically zero transit options :(

>>56350634
>ignoring basic human needs and requirements to effectively work, we're fine
Good to know, thanks a lot faggot

>>56350634

Of the Jews I would love to see swinging from a lamp post (all of them), Krugman has gotta be in the top 10.

>>56350645
Inflation is down, jack

>>56350634
>inflation is defeated
>but we won't lower rates because ummmmm
Shut up Moishe nobody's this stupid anymore go play with the fax machine

>>56350645
Cool it with the antisemitism

oh sweet, are things gonna be less expensive now?

>>56350634
But things are still inflating.
They are increasing at a lower percentage but it's a percentage of an inflated price.
There was no deflationary period.
I hate jews so much it's unreal.

>>56350646
Most based thing I have read today, but you do it first I’m right behind you.

>>56350646

>>56350646

>>56351744
>pic
fucking kek

>>56350646
anon, you better hide now >>56351775

"At very little cost"
The government is spending a trillion on debt interest alone, and is borrowing 2 trillion more (so far) at 5%.
It seems like Krugman was trying a lot harder 20 years ago.

>>56351788
they pissed away half of the strategic petroleum reserve too

>>56350646
>end capitalism

I’m really sick of people blaming capitalism for our current situation. We haven’t had capitalism since the evil federal reserve was created and catalan capitalism was well and truly killed in 2008 when shitty, corrupt failing companies were bailed out instead of being allowed to fail and be absorbed/replaced with competent ones. The reason we have a competency crisis is because incompetency has been rewarded by government stimulus to no end.

>>56351843
>real capitalism was never tried
lmao

>>56350634
>>56350645
Chart is 6 month not YoY, still at 2%

>>56350634
how do people still listen to this douche. One would think they would've found a new shill to push their BS

>>56350634
why are ((they)) like this?
funny, my grocery bill is up nearly 50%-70% from last year. fucking crooks.

>>56351883
It has been tried and it was glorious. The early days of the American republic were real capitalism with zero income tax. The only way to create true prosperity is with free markets and a sound currency.

>>56352064
you can't be this retarded

>>56352064
>capitalism is only capitalism when there is no government intervention
>capitalism = free market
anon... that's called anarchism, not capitalism. capitalism exists whenever someone uses money to make even more money.

>>56350634
>inflation is defeated
does that mean we get to go back to 2019 prices?!
what? no?!
then how does that help me?

>>56350634

>>56352064

Don't forget: No central bank.

>>56350646
extraordinarily based

>>56350656
Krugman has gone too far.

>>56350837
The report this morning had shelter inflation at over 7%.

>>56352064
>>56351883
Also mid-late 19th century after gigabased Jackson got rid of both the Indians and the central bank.

>>56350645
I’m watching you anon.

>>56351038
I used to commute via the BNSF. It's not worth all the time you waste commuting. Living on the north side with a car is unbeatable.

>>56351038
>Plus you get top-tier public schools
Oxymoron

>>56350913
Because my 20~25 minute drive becomes a 1.5 hour trip on two buses and a train because there's no direct public transport route from my house to work. Fuck that.

>>56350837
*ignores everything that people need to live on you*

God loves dumb people because he made so many retards.

>>56353369
>You Are Here
no, i am not in fact living in 1972. schizophrenics and their obsession with finding patterns in everything is so tiresome. believe it or not, this pattern does not actually repeat every single time a wave of inflation occurs(, you fucking retard)

CPI ex- everything you need to survive

The three categories he excluded make up the overwhelming majority of the CPI lmao
>uhhhh food prices might be going up but fax machine prices are stable
kek

>>56350645
Reported to the ADL

>>56350634

>cpi
>excluding food, energy, cars and shelter...

Paul Krugman is either a literal retard, or a snake.

It's not CPI if you're removing those inputs. It's called supercore ex cars.

>>56350634
Remember this clown won a Nobel prize

>>56353754

It's a disgrace to our country that these are the retards running things.

>>56353369
Yes we are here in the same spot right after the US went off gold backed currency causing a seismic shift in public perception of currency value

>>56352155
>capitalism is only capitalism when it's capitalism
Yes.

>this guy has 4.5m followers

do i need to check the early life section?

that's great to hear, established experts at fed tackled yet another very challenging problem. they must be geniuses! I take the vaccine support ukraine, inflation is getting curbed too everything is going great. I love the government!

>>56353303

Push for better transit, democracy in action.

>>56352332
A central bank would be better than the Federal Reserve. It's basically a central bank but it's "not the government" so the government is absolved of all responsibility and so is the Fed because "we're just trying to do what's right".

>>56350634
I fucking love it, doomers on suicide watch. Sorry guys, inflation is donzo and there is no economic collapse for you. This is what happens when the adults are back in charge.

>>56353303
Before I went rural I used to do the same thing and vouched for public transport because I was either walking or reading. Beats fucking looking at the road like a faggot goyim.

>>56350634
housing prices about to dump

Never thought of it like that.

If you remove staying alive from the equation, life is pretty good under bidenomics.

>>56353477
>"LET THEM EAT IPHONES"

>>56350645
Reported for antisemetism
Enjoy your ban

>>56350967
stfu im tired of this excuse, france has more niggers than us and has a transit system that runs circles around us despite fucking rioting every month

>>56352064
>real capitalism is when you just genocided a native population and took over their resources
>it stops being capitalism once your population grows and you don't have resources for everyone anymore
L O L

How many link would it cost to sniff her brapper? 2026 linkies?

>>56355420
>sky scrapers and automobiles were built from cotton and Buffalo hides
The zoomer economic historian, everyone.

How much ny@N c@t money would it cost to sniff her brapper? 2057 lil kitties?

>>56355434
>The early days of the American republic
that's 1776
>sky scrapers and automobiles
which were in 1900-1920, where income tax was double the current income tax
what the fuck are you talking about retard

>>56350634
Does he even himself believe this bullshit?
Is he stupid or just outright deceptive?

>>56355719
I think he's being ironic

>>56355547
>which were in 1900-1920, where income tax was double the current income tax

The US did not have an income tax for most of that time bracket you posted, 1913 being when the 16th amendment ratified, and the first tax rates after ratification were 1% for income over $3k a year & 6% for income over $500k. The top rates did get cranked up at the end of WWI to pay off war debt, but one really important thing to remember about historical tax rates is that just because you see a big percentage at the top does not mean that the wealthy were actually paying that. The tax code used to have some giant loop holes & deduction, more so than today, that you have to account for. For example, at the end of WWI the top nominal tax rate was cranked up to 77% for income over $1 million, but the actual rate people in that income bracket ended up paying was more like 15%. It was WWII when the actual amount of income tax the feds collected skyrocketed.

>>56350634
Just had to leave out gasoline, food, clothes and utilities…

>>56357759
And ignore SPR release, ignore gold silver and copper paper short manipulation, ignore 2 trillion bank backstop by JP Morgan and FED, ignore slow down in housing because of rate increase, and ignore massively higher debt payments on national debt.
This guy deserves the worst for flat out lying and manipulation without a care in the world

>>56350679
>just make more of this finite resource that we fight wars over and we've cleverly built our entire society on top of

>>56355799
No he isn't.
I looked it up, he's just plainly stupid.
Holy fuck, were are we heading at...

>>56350634
>CPI ex things necessary for human survival
it's a demoralization ritual. literally just delete your twitter and their powers will vanish.

>>56350645
ANTISEMITE ALERT

>>56358097
>>56350656
>>56355799
I thought this fag was joking. what in the flying fuck. JFC these people really live in a completely different world

>>56352064
all this post and its replies showed me is that 'capitalism' is a meaningless strawman term for lazy pseuds meant to distract you from tangible policy failures

>>56350656
He unironically thinks that's a good argument and he's one of the smartest Jews on the planet.

Explains so much about the state that the West is in under Jewish rule.

>>56351883
Do you see any "free markets" anywhere?

Why don't you go to the local corner and just open up a burger business outside of McDonald's and see how long you last.

>>56350634
>>56350837
The only reason he is relevant is because Jews like you keep putting his opinions infront of people like me via your media outlets and online shill teaks

>>56350634
10/10 bait. Excellent seethe thread for the economically illiterate. Nothing like uneducated poors mocking a Nobel laureate.

>>56350634
>>56350837
whotf is this guy and why is my wallet still getting completely fucking destroyed MoM?

>>56353781
0% reserve requirements