Oddbean new post about | logout
 Well said Rune.

I wrote a short program recently that calculates the cumulative impact of inflation on savings over a 45 year career.

At 2% yearly inflation, with zero taxes, the loss of purchasing power is ~35% over a 45 year career.

This amounts to working for the government for free for 15+ years.

At 7% yearly inflation and a 30% tax pressure, the loss of purchasing power over a 45 year career is 80%.

Below are 4 examples where my charts visualize the cumulative impact of inflation year by year.

https://image.nostr.build/a4da36ecfe5d178864a921d4950aeaf2252975bf30140d58e6d476b915fda55b.jpg

https://image.nostr.build/59902a35101cd2efa5379d3849e829353d1fdfc8035e4922363d6302662a7bde.jpg

https://image.nostr.build/e6a6586c4436c86e357e907d704d5cb6172ee8d6da8de4d36e22f4a1834cddd7.jpg

https://image.nostr.build/84f92f67c73590e19d5e51a1d7d51000371ca411043b823ba5940130f513295a.jpg

#Inflation #Moneyprinting 
 Great, thx! 
 🙏 Thanks for your work ovee the past 20 years Rune.

I was curious about these results so I had to write a program! I decided to visualize all the years so that others can confirm or error-correct my results. 
 Just out of curiousity, and for clarification - I haven't spent 20 years working on enlightening the public, as I had a break of about 11 years (2010-2021,) when did you become aware of my writings? 
 I meant that you started to inform the public about inflation some 20 years ago, so you have planted the seeds for a long while even if you had a break. I only recently heard about you last year but I respect the long term commitment in exposing the moneyprinting scheme. 
 ❤️