The BOF Guide to Inflation— Easing the Pain
Inflation Up 8%? 20%?— My Ass It Is
Before we begin, think about it. 10% is ten cents on the dollar. Meaning, if the price of something costing $9.00 goes up by 10%, the new price is $9.90. Now look at what you’ve been purchasing over the last four years. What things cost back then compared to what you’re paying now. Do you honestly believe the difference is 10%? 20%? Nah… I didn’t think so. Continue Reading →