A Picture Is Worth 1000 Words
FRED:CUUR0000SA0R
Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average
A great illustration of how govt debt rises as the purchasing power falls.
While our standard of living has most certainly risen with more goods and
services for us to buy and sell, requiring more money supply to reflect
the growth. Excessive deficits have been ongoing far above the economic
expansion that has taken place over the decades. More so in recent times
that is now growing exponentially and disproportionately.
While our standard of living has most certainly risen with more goods and
services for us to buy and sell, requiring more money supply to reflect
the growth. Excessive deficits have been ongoing far above the economic
expansion that has taken place over the decades. More so in recent times
that is now growing exponentially and disproportionately.
Real Macro Economic Investing
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