I keep looking for someone else to point it out but no one does so I will.
If prices go up unless they fall by the same amount at some stage in the near future, you are forever behind unless your income goes up by the same percent.
Suppose prices go up by 6% and then the inflation rate goes to zero you are forever behind by 6%. Isn’t that clear?
Let me repeat in a slightly different way. If the inflation rate goes to zero you are still that 6% out until your income rises by that same 6%.
Those in government are stealing our wealth and we are apparently too stupid to notice.
No one seems able to distinguish between a level, such as GDP, and a rate, like inflation. We really are a stupid bunch. Even if inflation goes to zero percent we must remain behind.
Promising a return to zero inflation leaves most of us behind.
Higher interest rates make the robbery permanent.