The Daily Paul has been archived. Please see the continuation of the Daily Paul at Popular

Thank you for a great ride, and for 8 years of support!

Comment: "is better than, you say "my

(See in situ)

"is better than, you say "my

"is better than, you say "my bullshit" number?"

Yes. 10% inflation/year is absolutely insane.

"My metals approach is best averaged over the years to account for weird spikes, and it is not always accurate due to other factors, as we have covered, but is far more accurate than the Core CPI will ever be."

You haven't conclusively proven the latter half of the statement. These aren't wierd spikes, these are major spikes.

Again, from 1985 to 2005, the price of silver was very constant. However, prices went up, the money supply went up, etc.

"In 1930 $0.12 purchased a loaf of bread. Calculated against it's silver content (90%), that was worth about $2.00 in today's silver market.

Not sure about you, but that is about what I pay for my bread. Give or take based on coupons, etc."

Purely anecdotal. I can get a loaf of bread for 99 cents somewhere. Other places it is 4.00. Anecdotes aren't data. Heck, the .12 cent number you are getting comes from government numbers. Using your own numbers, you can see how the math does not add up with many things. From 1970 to 1980, the price of silver went up 10x. Did costs of things go up 10x? Another example; silver has gone up nearly 10x in the past 22 years. Have food prices gone up 22x? Have gas prices? Have housing prices? Have hamburger prices?

"Is it always accurate? No. Is it better working with a softened average to account for spikes/dips. Yes. Is it more accurate than what the government tells us, yes."

What the government literally does is calculate inflation, by, you know, looking at the actual numbers. The government literally looks at the .12 cents in 1920 and the 4 dollars today and says, hmm, 3000% inflation. You would look at the price of silver and say because the price of silver has gone up 2300%, that must be how much the price of bread has gone up. It is intellectually lazy.

"The USD is what loses value via inflation."

True. But the most meaningful way to look at real inflation, is to look at wages/price. That tells you how valuable your labor is. That is the key principle. If we didn't have inflation, do you think wages would have risen as much as they did? Do you think, as Ron Paul does, that gas would be 12 cents a gallon with personal income at 50,000 if only we hadn't had inflation all those years? It is a ridiculous supposition.

Plan for eliminating the national debt in 10-20 years:


Specific cuts; defense spending: