True Inflation Exceeds 7%

Inflation statistics given by the U.S. government show that the inflation rate is below 2%, but widely available data indicate otherwise.

U.S. inflation rate

If the economy were currently as strong as it was in 1985, the median worker would be making $120k per year (not $56k). A Stanford MBA graduate today earns roughly what the average Joe made 31 years ago. The difference is that the average Joe of 1985 didn’t spend $434,000 getting…