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Sir Blackballs of TWiT /
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2023-12-27 15:30:03

Sir Blackballs of TWiT on Nostr: Cumulative inflation under Biden is 17% while under Trump it was only 7% If you want ...

Cumulative inflation under Biden is 17% while under Trump it was only 7%

If you want to know why spending is up while the public feels pessimistic about the economy just look to cumulative inflation or compound inflation if you will. It's very simple but legacy news won't report the reality. It's the cumulative effect of inflation. It's like the concept of compounding interest in a savings account but in reverse. In a savings account you get paid interest on your…

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