This happens because we buy the inflation numbers published by government. If we counted securities and real estate — the “inflation sink” of “capital markets” — the number would look much different. The money printing is what is making the rich richer while diluting the purchasing power of everyone else’s dollar.

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I am a charter member of the pocket-protector set, but old enough to make fun of them and otherwise have a healthy skepticism of tech. https://goo.gl/2z5Snr

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