The point of the post is that now the dollar has less value but the government didn’t do anything to ensure that you either get more dollars or the price of things don’t skyrocket every 6 months
For one, median real wages have been fairly stable and in fact have modestly increased in recent years, meaning wages did in fact increase alongside prices and you (or at least the median American) did “get more dollars.” This is no surprise - if there is inflation because money loses value, then the price of labour increases just as the price of goods and services does.
Secondly, the deliberate government policy is to aim for modest inflation of a few percent since the economic consensus is that this is beneficial for financial stability. So inflation is not a bug, it’s a feature. For the most part, monetary policy has been successful in achieving this goal in recent decades, aside from a brief inflation spike during Covid.
Finally, prices have not “skyrocketed” at all, not even during the Covid inflation spike, this is just hyperbole.
The point of the post is that now the dollar has less value but the government didn’t do anything to ensure that you either get more dollars or the price of things don’t skyrocket every 6 months
That’s false on multiple levels.
For one, median real wages have been fairly stable and in fact have modestly increased in recent years, meaning wages did in fact increase alongside prices and you (or at least the median American) did “get more dollars.” This is no surprise - if there is inflation because money loses value, then the price of labour increases just as the price of goods and services does.
Secondly, the deliberate government policy is to aim for modest inflation of a few percent since the economic consensus is that this is beneficial for financial stability. So inflation is not a bug, it’s a feature. For the most part, monetary policy has been successful in achieving this goal in recent decades, aside from a brief inflation spike during Covid.
Finally, prices have not “skyrocketed” at all, not even during the Covid inflation spike, this is just hyperbole.
If you’re gonna lie try to make it believable dumbass