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A comment on The U.S. government’s failed 1890s attempt to forge unity through currency. Parent comment

Re:The U.S. government’s failed 1890s attempt to forge unity... by reedjosh on Friday June 11, 2021 @02:37PM (#27476973)
I believe it's that and a much higher inflation rate than is admitted by a government that uses inflation as a hidden tax.

http://www.shadowstats.com/alternate_data/inflation-charts

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Re:The U.S. government’s failed 1890s attempt to forge unity... by imtringued on Friday June 11, 2021 @06:20PM (#27479190)
That site is not trustworthy because they just add a constant to existing government numbers.

Let's get real. Every statistic has a tracking error. The CPI will always be wrong because that is the nature of measurements. However, it's not so crappy that it is off by more than 1%.

Inflation usually happens with full employment. One problem is that inflation can also drive full employment, therefore the interest rate has to act as a moderator to prevent the economy from overheating as people constantly switch jobs for better pay. Lowering the interest rate is only possible because there is slack in the economy and we haven't reached full employment. If there was full employment the Fed would have to raise the interest rate because the market demands a higher interest rate but that is not the case right now.

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