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Re:Ask HN: What's the most valuable thing you can learn in a... by epanchin on Wednesday November 20, 2019 @06:09AM (#21582824)
You need to adjust for inflation.
Re:Ask HN: What's the most valuable thing you can learn in a... by majortennis on Wednesday November 20, 2019 @06:14AM (#21582846)
inflations a big scam too, stop printing bloody money
Re:Ask HN: What's the most valuable thing you can learn in a... by bildung on Wednesday November 20, 2019 @06:23AM (#21582890)
The printing of US dollars in the last decade had zero effect on inflation.

https://tradingeconomics.com/united-states/inflation-cpi

Re:Ask HN: What's the most valuable thing you can learn in a... by PeterStuer on Wednesday November 20, 2019 @06:54AM (#21583086)
That is because of how the QE was executed, pouring money directly into the financial markets with negligible impact on the real economy.

In the markets where the money did end up, like the stocks and bonds markets, inflation ran rampant with NASDAQ and S&P history shows.

Re:Ask HN: What's the most valuable thing you can learn in a... by bildung on Wednesday November 20, 2019 @07:04AM (#21583136)
That isn't inflation. Inflation is about consumables. If the valuation of assets rise, that is actually the opposite: If you sell the asset, the returns can buy you more consumables.

And neither S&P nor NASDAQ had anything resembling rampant gains, BTW:

S&P: https://www.macrotrends.net/2526/sp-500-historical-annual-re...

NASDAQ: https://www.macrotrends.net/1320/nasdaq-historical-chart (you have to click on the "by year" tab).

In neither of these charts a person unaware of QE could identify a trend.

Re:Ask HN: What's the most valuable thing you can learn in a... by PeterStuer on Wednesday November 20, 2019 @07:43AM (#21583382)
In the last ten years the NASDAQ index went from 2.000 to 8.500 and the S&P500 from 1.000 to over 3.000 in what is generally referred to as the "10 year rally".

Inflation as in the rise in price of a basket of goods is generally used in reference to the consumer price index, but can also be used in reference to stocks, and baskets of those such as the indices.

Re:Ask HN: What's the most valuable thing you can learn in a... by bildung on Wednesday November 20, 2019 @08:17AM (#21583611)
And before S&P went from 400 to 7000 largely uninterrupted, and NASDAQ from 350 to 7100. But as those are compounding values (i.e. there is not a linear realationship between year n and year n+1, but an exponential one) one can gain more insights from comparisons of the annual returns - that is the reason why I linked those. The annual returns are not unusual, though. Please have a look at them!

If the prices of assets rise, that is appreciation. If stocks or houses appreciate, you can sell them and profit: Your purchasing power rises. If consumables experience inflation, you can not sell them for a profit: They are either immaterial, like services, or can rot, like food. This isn't pedantry, these are different concepts.

Re:Ask HN: What's the most valuable thing you can learn in a... by lr4444lr on Wednesday November 20, 2019 @08:21AM (#21583642)
At the end of the day, if consumable prices are the same despite having more pieces of paper to buy them, you did not get inflation.
Re:Ask HN: What's the most valuable thing you can learn in a... by nopassrecover on Wednesday November 20, 2019 @06:47AM (#21583033)
But what about wealth distribution?
Re:Ask HN: What's the most valuable thing you can learn in a... by hartator on Wednesday November 20, 2019 @07:23AM (#21583259)
Or maybe real inflation is more like 7% where USD should have been deflating by 4% if left alone. QE is just taxes with an extra step.
Re:Ask HN: What's the most valuable thing you can learn in a... by AnIdiotOnTheNet on Wednesday November 20, 2019 @10:20AM (#21584645)
How do you discourage hoarding and encourage spending and investment, thus keeping your economy flowing, without inflation?