Do things really cost more?
The mentality of the population in the USA thinks that prices are rising. Things cost more. It is kind of laughable. The actual fact is, the dollar is worth less than it was yesterday.
Things are not more expensive; the dollar has lost value. $20 used to fill a gas tank in the 1960’s. Now in 2022 20 gallons of gas costs $120.
The fact to realize, is that things don’t cost more, your dollar buys less. Politicians’ blame this price rise on the gas refiners and the stores. How dare you gouge the consumer!
What we are really looking at is an erosion of value of the dollar—it doesn’t buy as much as it used to.
The concept to look at is: a rise in prices doesn’t mean the item is more expensive. The dollar doesn’t have the purchasing power it once had.
Source: http://greatdepression2006.blogspot.com/2022/10/do-things-really-cost-more.html
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