#asknostr can anyone provide data to show whether average US citizen buying power has increased or decreased in the past 5 years? I understand the USD had been debased from brr. Yet, a contrarian friend suggests the US economy had grown such that an average American with a job can buy more a basket of goods. Data please π
I havenβt spent money on a haircut nor new clothes or new toys since I followed the orange rabbit deep down the hole 2.5 years ago. Instead I stack sats.
Iβm watching lots of videos about economic woes around the world in e.g. Germany, Japan and the content is much about symptoms of people losing purchasing power. Fiat currency and Keynesian pseudoscience is the cause. We have to get the Bitcoin message out! #grownostr
Sanity check⦠if the inflation rate drops, that does not mean the cost of typical goods falls, right? Vendors would rather enjoy a higher true income, right? #asknostr