21/ Yes, exactly. If we have 2% inflation, year after year after year, and it goes as high as 2.2% some years, and 1.8% other years, that 2% number is "baked in". Your mortgage is built around it, your investments track that, your raises, etc.https://twitter.com/Bobthewelding1/status/1317212813534912512 …
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ⓘ Dogs don't have thumbs Retweeted MooseCaboose
22/ Cites || GTFOhttps://twitter.com/trapc45/status/1317215078169673733 …
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MooseCaboose @trapc45Replying to @MorlockP @braxton_mccoyI have a 96 Chevy 1500 that has maybe had 3k of work done on it. That includes a new transmission last year. My wife's Traverse just went out of warranty and we have already put over a grand into it. Cars on the whole are not more reliable now. They are engineered to fail.1 reply 0 retweets 3 likesShow this thread -
23/ Here are my cites Ford F series 1992-1995: 51 reliability score 2015-2019: 89.3 http://dashboard-light.com/vehicles/Ford_F_Series.html …
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ⓘ Dogs don't have thumbs Retweeted MooseCaboose
24/ Indeed. In the 19th century we had deflation more often than inflation....and that was worse than inflation. Modest well managed inflation on fiat currency is MUCH better than deflation on a gold standard, fite me.https://twitter.com/trapc45/status/1317216423245156358 …
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ⓘ Dogs don't have thumbs Retweeted MooseCaboose
25/ This is the source I used. https://www.infoplease.com/business/economy/median-annual-income-level-education-1990-2010 … Note that I did not claim "entry level". I specified only by educational attainment. If you want to use other data, specify it. With a link.https://twitter.com/trapc45/status/1317216141899669504 …
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MooseCaboose @trapc45Replying to @MorlockP @braxton_mccoyAn entry level electronics tech job which requires either trade school or at least an associate's is starting anywhere from 40 to 45 in a large East Coast city. The average highschool grad is not making 40k starting. A first year teacher here with a BA might cut 40k.1 reply 0 retweets 3 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted Señor Bob
26/ No it doesn't. One can compute one's own inflation numbers by looking at prices of things one knows / cares about. It PERHAPS implies that I trust people who live and die by inflation rates to VERIFY government numbers. >>>https://twitter.com/Bobthewelding1/status/1317225508841705477 …
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27/ I see lots of arguments about "stealth inflation", and I'm entirely happy to entertain the idea. So ... go ahead. Convince me. Pick a basket of goods X and price it at time Y and at time Z.
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ⓘ Dogs don't have thumbs Retweeted Señor Bob
28/ I fully agree with the data in this tweet. This is orthogonal to the discussion of whether the government inflation numbers are valid.https://twitter.com/Bobthewelding1/status/1317231388517715969 …
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ⓘ Dogs don't have thumbs Retweeted Joshua Brulé
29/ Yes / yes / no What do I get out of them?
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I like fighting.
https://twitter.com/jtcbrule/status/1317235507437457409?s=19 …ⓘ Dogs don't have thumbs added,
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ⓘ Dogs don't have thumbs Retweeted Alan Cole
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Alan ColeVerified account @AlanMColeReplying to @MorlockPI see it as a sort of "make an example of him" punishment regime. If you say something dumb on the internet, you'll probably be okay, but there's a 2% chance that Morlock writes 60-part thread about how dumb you are and smacking down you and your followers' feeble defenses.2 replies 0 retweets 10 likesShow this thread
ⓘ Dogs don't have thumbs Retweeted Braxton McCoy
31/ But in this thread we've shown that the price of a 350 has remained the same in real terms, and the quality has gone up. Look at Bob's data in #28 - low and mid class wages are flat WHEN ADJUSTED FOR INFLATION, meaning that inflation hasn't hurt themhttps://twitter.com/braxton_mccoy/status/1317241908696018945?s=19 …
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Replying to @MorlockP
You asked for links. He provided them. You replied "ty". Unless I missed some other reply which is entirely possible.pic.twitter.com/XnoOTl9YDI
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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