The Tomato Soup Index - Inflation Sucks

[evoorhees]

This is why we need a currency that cannot be printed at whim...

Note that it took 30 years for the price to double (1950->1980), and now it's doubled again in just the last five years (2007->2012).

[knight22]

+1

Deflation feels soooo good 

[Severian]

Good index. I use the coin index. This was worth fifty cents when I was kid:



It's now worth about $12.50. That's the debasement of the currency in a nutshell.

[elux]

Disregard dollars, acquire tomato soup!

[Jack1Rip1BurnIt]

Holy shit! No wonder I'm always broke!

[pretendo]

Quickly, the government needs to start subsidizing mining rigs, or bitcoins won't feel the loving, smothering embrace of inflationary policy

[Realpra]

+1

Deflation feels soooo good 

So true.

HONESTLY before BTC I was fucking depressed: I knew on a subconscious and later conscious level that my savings were being eaten up. Like running to stay in the same place.

Now I can look at my clown politicians and ECB fucking up and just not give a shit.

So refreshing.

[CJGoodings]

IMF

[Realpra]

IMF

IMF, ECB, bank union, QE3.. all the same BS.

[n8rwJeTt8TrrLKPa55eU]

Fed up with the inflationary treadmill.  Fed up with having to speculate and risk capital just to protect purchasing power.  Fed up with an unaccountable politburo distorting the economy.

Some here think that semi-deflationary money will create all sorts of economic problems.  Perhaps.  But even if it does, I don't think it can possibly be any worse than what we have right now in terms of unfairness and misallocation of resources.  The choice isn't between Bitcoin and some hypothetical perfectly balanced currency regime, but between Bitcoin and the garbage currently imposed on us.  Bitcoin might not be perfect, but it's the best hope we have to try something different and escape this evil economic nightmare.

I'm anxious and ready to live in a 100% Bitcoin economy.

[justusranvier]

I can remember a time when you could fill up an entire standard-sized grocery cart with real food for $100.

You can still fill up a shopping cart for $100, but now you're getting processed food-like substitute instead.

[cbeast]

Forget about the deflationary trait of Bitcoin. Howabout a fair day's pay for a day's hard work? No more free money for the elite banker class and their cronies on Wall Street and the Military Industrial Complex.

[Grinder]

Note that it took 30 years for the price to double (1950->1980), and now it's doubled again in just the last five years (2007->2012).

It's mostly because of the global food shortage, but I suppose facts that don't fit what we want to believe should be swept under the carpet as usual?

[Grinder]

You mean the global food shortage that was the result of farmers switching from food crops to oil crops because the profit is higher? Meanwhile overproduction, food stockpiling and grants for farmers not to produce into an already flooded market continue in other areas of food production.

You can blame it on any conspiracy theory you'd like, it's still not because of the money printing.

[minimalB]

HONESTLY before BTC I was fucking depressed

sooooo +1

[Roger_Murdock]

You can't compare a 1950's can of tomato soup with a 2012 can! That's apples and tomatoes!  There have been massive improvements in tomato soup technology in the past 60 years that have dramatically improved its flavor and nutritional content. In the 1950's, Campbell's tomato soup was basically a glorified can of watery ketchup.  And now it's... uh... better.  So sure, you pay a little more today, but you also get more. That's why the price has gone up.

[Charlie Prime]

But...but..National Public Radio keeps telling me that Inflation is under two percent per year.

[Dalkore]

But...but..National Public Radio keeps telling me that Inflation is under two percent per year.

Yes if I can make the numbers I report to you based on an index and can swap beef for dog food, 2% inflation can be true.  No one cares about integrity anyone it seems.

[hazek]

+1

Deflation feels soooo good  

So true.

HONESTLY before BTC I was fucking depressed: I knew on a subconscious and later conscious level that my savings were being eaten up. Like running to stay in the same place.

Now I can look at my clown politicians and ECB fucking up and just not give a shit.

So refreshing.

It's exactly how I feel.

You can't compare a 1950's can of tomato soup with a 2012 can! That's apples and tomatoes!  There have been massive improvements in tomato soup technology in the past 60 years that have dramatically improved its flavor and nutritional content. In the 1950's, Campbell's tomato soup was basically a glorified can of watery ketchup.  And now it's... uh... better.  So sure, you pay a little more today, but you also get more. That's why the price has gone up.

Isn't it weird though, electronics also keep getting better and better and yet they are cheaper than ever. What gives?

[justusranvier]

I knew on a subconscious and later conscious level that my savings were being eaten up. Like running to stay in the same place.

That's because inflation is a tax on you to enrich the apparatchik and their cronies and to bribe the dependent classes.