Tag Archives: inflation

Burrito Index Update: Burrito Cost Triples, Official Inflation Up 43% from 2001

Long-time readers may recall the Burrito Index, my real-world measure of inflation. The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016). The Burrito Index tracks the cost of a regular burrito since 2001. Since we keep detailed records of expenses … Continue reading

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What If All the Cheap Stuff Goes Away?

One of the books I just finished reading is The Fate of Rome: Climate, Disease, and the End of an Empire. The thesis of the book is fascinating to those of us interested in the rise and fall of empires: Rome expanded … Continue reading

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How Much Longer Can We Get Away With It?

This chart of “debt securities and loans”–i.e. total debt in the U.S. economy–is also a chart of the creation and distribution of new money, as the issuance of new debt is the mechanism in our financial system for creating (or “emitting” … Continue reading

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Why Is the Cost of Living so Unaffordable?

The mainstream narrative is “the problem is low wages.” Actually, the problem is the soaring cost of living. If essentials such as healthcare, housing, higher education and government services were as cheap as they once were, a wage of $10 … Continue reading

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Trump Boosts Most Wasteful Department, Reduces All Others

Eric Zuesse On February 27th, Reuters headlined “Trump seeks ‘historic’ increase of 9 percent in U.S. military’s budget” and reported that “Trump will ask Congress to boost Pentagon spending in the next fiscal year by $54 billion in his first budget proposal … Continue reading

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