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TIP624: Studying Financial History w/ Clay Finck
We Study Billionaires - The Investor’s Podcast Network
Consider the Inflation of Specific Items and Assets
Inflation rates vary for different products and assets, with some like grains, electronics, and software experiencing low inflation or deflation. Individuals should consider the inflation of specific items they plan to buy, like real estate, childcare, and education. Relying solely on the government-reported CPI inflation rate may not accurately reflect the inflation for individual purchases. It is suggested that if an individual's assets are not increasing in value at the growth rate of the broad money supply per capita over time, their purchasing power is being diluted, which can be challenging to track for the average person.
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