I noticed that you are using economic charts from FRED. Do you trust these charts?
I'd rather use my own 'cost of living index' based on what it cost me to live paycheck to paycheck during those turbulent times in the late 75's to mid 95.
What shows on the Monetary Base Chart above, is just a smooth transition to the next year.
By '83, inflation had blown out the cost of living to barely putting food on the table for the family. I was working 3 jobs, just to pay for things, then got fired from all three jobs, because I had no time to sleep. The charts above are really smooth, no relation to reality, whatsoever.
It's been a long time since I remembered those times, it still pisses me off!
So, way before you were born, old history, right?
Use better charts to document your thesis, these SUCK.
Talk to your Mom or Dad, they know what went on then. Not as smooth as these charts depict, by a long shot.
I read charts daily, so I know a bogus chart when I see 2 in a row.
Joseph,
Just caught up with you again.
I noticed that you are using economic charts from FRED. Do you trust these charts?
I'd rather use my own 'cost of living index' based on what it cost me to live paycheck to paycheck during those turbulent times in the late 75's to mid 95.
What shows on the Monetary Base Chart above, is just a smooth transition to the next year.
By '83, inflation had blown out the cost of living to barely putting food on the table for the family. I was working 3 jobs, just to pay for things, then got fired from all three jobs, because I had no time to sleep. The charts above are really smooth, no relation to reality, whatsoever.
It's been a long time since I remembered those times, it still pisses me off!
So, way before you were born, old history, right?
Use better charts to document your thesis, these SUCK.
Talk to your Mom or Dad, they know what went on then. Not as smooth as these charts depict, by a long shot.
I read charts daily, so I know a bogus chart when I see 2 in a row.