US Food Inflation- from 2006 to 2016 — up 40%...meaning you work for “less”
In other words, over the past 10 years you have taken a 40% paycut at work — that is the damage of price inflation and a dollar that does not hold it’s value. You are working for less money — who likes that?
That is why the US Dollar is called an “inflationary currency”.
On the other hand, Bitcoin is a “deflationary currency” because it is limited , only 21 million will ever be mined. More people means BTC will go up with use....not down like the US dollar.
Don’t show a politician this or ask this question, their head will explode.
Inflation is really unfair. You work for $10 and it was supposed to buy you 12 pounds of pasta according to your data, and then 10 years later when you want to use the money you get 8 pounds only. 4 pounds have been stolen unfairly
Yes....that is the point and it affects us all ...but it affects those with less income or savings even more. Especially as the bank savers see no interest on their monies.
not a good time for buying cookies
Oh my...that is not good
Great grafts to follow your favorite foods. Food use to be cheap, no more. resteem
It’s true...because we had a strong dollar and many things were made in the US. Thank you
Great content. Upvoted by @eastcoaststeem ran by Steemian @chelsea88. My goal is to support east coast Steemians through manual curation and facilitation of steemit positive initiatives.
Thank you. I appreciate that:-)