And that explains one of the key failings of the Fed. The two necessities in life, food and energy, are experiencing tremendous inflation. But the Fed’s inflation model ignores those things.
How stupid do you have to be to think people don’t need to eat or drive?
-Alan Andrews-I can’t eat an iPad
[People who end up in positions like that as well as with roles in government end up there not because they are smart, but because they’re too stupid to do anything else. They are trying to give new lies while the costs of basic living are obviously going up.
Who cares if the iPad is cheaper, people need to food, water, and fuel to live. Could the price for an iPad be dropping because demand has decreased? Has this decrease occurred because people instead are having to spend their money on food and transportation to their job? The fact is people are spending money on just what is needed, iPads are not necessary to survive.
Our leaders have done nothing but make life considerably harder, more complicated, and then they have tried to conceal it claiming it’s not a “cost of living”. The most important items that every person needs to survive are ignored. Remember though, there’s no inflation and everything is fine. –B ]