For decades before 2007 it was flat. The USA went "genuinely bad" during the financial crisis and never recovered.
The drop in value of the USD aka inflation was due to money printing during covid. Not the tariffs. That's a lie.
AnimalMuppet•18h ago
Not caused by the tariffs, no. The timing is wrong.
But the tariffs are (going to be?) higher than companies will be willing or able to eat out of their profits. There will be price increases because of the tariffs. That won't be inflation, it will be a tax increase. That is, the dollar won't be worth less (measured against other currencies or gold or whatever), but everything will cost more.
tocs3•16h ago
(measured against other currencies or gold or whatever)
This is an aside but could there be a more stable measure of value. i had a friend that said money should be a measure of work (like on hour of labor). Of course that has the same troubles as any other measure I can think of (variable labor markets).
AnimalMuppet•15h ago
No, there is no stable measure of value. Labor, for instance: The price of labor can change. Or the price of money can change. If you use labor to measure the price of money, you can't tell which changed.
A basket of other currencies is the best I can come up with, but that just gives you an averaged inflation rate.
msgodel•15h ago
Money is differed labor, debt is forwards on money -> the debt market is labor futures and the dollar is backed by US GDP combined with our reputation for the rule of law (ie people expect us to deliver when other countries might give up.)
Of course when you have too much open interest in a futures market you can get a squeeze and that's what everyone is worried about.
pestatije•17h ago
> That's a lie
which one, the first sentence, the second one?... please rephrase
incomingpain•18h ago
For decades before 2007 it was flat. The USA went "genuinely bad" during the financial crisis and never recovered.
The drop in value of the USD aka inflation was due to money printing during covid. Not the tariffs. That's a lie.
AnimalMuppet•18h ago
But the tariffs are (going to be?) higher than companies will be willing or able to eat out of their profits. There will be price increases because of the tariffs. That won't be inflation, it will be a tax increase. That is, the dollar won't be worth less (measured against other currencies or gold or whatever), but everything will cost more.
tocs3•16h ago
This is an aside but could there be a more stable measure of value. i had a friend that said money should be a measure of work (like on hour of labor). Of course that has the same troubles as any other measure I can think of (variable labor markets).
AnimalMuppet•15h ago
A basket of other currencies is the best I can come up with, but that just gives you an averaged inflation rate.
msgodel•15h ago
Of course when you have too much open interest in a futures market you can get a squeeze and that's what everyone is worried about.
pestatije•17h ago
which one, the first sentence, the second one?... please rephrase