Joakim Book on Nostr: "Roughly speaking, then, my mother’s ability to generate economic value got reduced ...

"Roughly speaking, then, my mother’s ability to generate economic value got reduced by about a third — yet she thinks she’s better off because the paycheck at the end of the month has larger numbers on it."

This is what inflation does to people: causes us to misunderstand what's up, economically speaking, and to place the blame on entirely the wrong actors.

https://www.aier.org/article/money-blindness-and-money-clarity/