Camper on Nostr: "For me personally, this analysis has helped me frame up why a -26% correction ...
"For me personally, this analysis has helped me frame up why a -26% correction ‘feels like’ a -40% one…that’s exactly what it is in real purchasing power terms"
This seems to match my internal measure of sats per beer & tacos quite closely.
On the other hand, it might also explain why 20-30k in 2022-23 felt even cheaper than the nominal value for those whose income kept at least some upward pace along the inflation.
This seems to match my internal measure of sats per beer & tacos quite closely.
On the other hand, it might also explain why 20-30k in 2022-23 felt even cheaper than the nominal value for those whose income kept at least some upward pace along the inflation.