"For me personally, this analysis has helped me frame up why a -26% correction ‘feels like’ a -40% one…that’s exactly what it is in real purchasing power terms"
This seems to match my internal measure of sats per beer & tacos quite closely.
On the other hand, it might also explain why 20-30k in 2022-23 felt even cheaper than the nominal value for those whose income kept at least some upward pace along the inflation.
camper / Camper
npub1kl…9t938
2024-09-10 06:15:52
in reply to nevent1q…rzwm
Author Public Key
npub1klj98ahaaduuegwcd7lscjeqa0h2680f75r82gnr35pua8ls36xqh9t938Published at
2024-09-10 06:15:52Event JSON
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"created_at": 1725948952,
"kind": 1,
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"content": "\"For me personally, this analysis has helped me frame up why a -26% correction ‘feels like’ a -40% one…that’s exactly what it is in real purchasing power terms\"\n\nThis seems to match my internal measure of sats per beer \u0026 tacos quite closely.\n\nOn the other hand, it might also explain why 20-30k in 2022-23 felt even cheaper than the nominal value for those whose income kept at least some upward pace along the inflation.",
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