Dr. Jeff on Nostr: My favorite page on the StLouisFed .org (FRED) site: "Buying eggs with bitcoins." ...
My favorite page on the StLouisFed .org (FRED) site:
"Buying eggs with bitcoins."
OVER THE PAST FIVE YEARS...
From September 2019 through September 2024, the price of a dozen eggs:
- In US dollars: Up +177%, from $1.38 to $3.82.
- In #bitcoin: Down -55%, from 14,119 sats to 6,310 sats.
CONCLUSION: Life gets constantly more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.
Inflationary fiat currency versus neutral inelastic energy money...
The choice is yours.
Source:
https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/
"Buying eggs with bitcoins."
OVER THE PAST FIVE YEARS...
From September 2019 through September 2024, the price of a dozen eggs:
- In US dollars: Up +177%, from $1.38 to $3.82.
- In #bitcoin: Down -55%, from 14,119 sats to 6,310 sats.
CONCLUSION: Life gets constantly more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.
Inflationary fiat currency versus neutral inelastic energy money...
The choice is yours.
Source:
https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/