Another limitation of CPI is that it does not account for the devaluation of a currency due to the increase in circulating currency supply which is something the price of gold does perfectly. We can also put the rise in the price of gold next to a chart showing the increase in us circulating currency and they are very close to each other.
The price of gold was constant, only fluctuating 80% from $19 to $35 in the first 172 years of the us dollar’s history. Then nixon ended the gold standard in 1972 and within 8 years the price of gold increased 2000% from $35 to just under $800 one year later the us printed its first one trillion in circulating currency now we print 1 trillion every 3-4 months and the price of gold has increased 7500% since nixon withdrew from the bretton woods agreement. In 1956 minimum wage of $1/hr equaled 60 ounces of gold annually ($160,000 today) in 1968 it was $1.60 which is $250,000 in todays money. Gold has alwaus been considered an inflation proof asset, it has retained its value for all of history. An ounce of gold will always be able to purchase a fine set of garments, liek a really nice 3 piexe suit with undergarments, a button shirt and tie and leather shoes, a months rent in a 2 bedroom in a nice part of town or between 300-400 loaves of good bread from a bakery.
But cue in the “economics experts” telling me the price of gold has nothing to do with the value of currency
I don’t want religious institutions near healthcare. Imposing attitudes of abstinence only moral puritanism on others. Thats not medicine. Like the WHO said 7 almost 8 years ago drug use needs to be globally decriminalized to remove attitudes of discrimination from health care settings. And at the time then nobody foresaw roe v wade being knocked back and turning the clock of social progress back 5/6 decades+ i wish j could say things cant get any worde but they can and they will. So we don’t need the people making things worse involved in the administration of medical care. We already have too many religious bigots with hoarded wealth whispering in the ear of the dumbest moron on the planet who has control of the nuclear football. And healthcare is already bastardized by the incentives of shareholder profits and the vultures of the for profit insurance industry whos sole purpose is tk deny people adequate health care to boost profits whenever possible so lets not shove religion down the throats of people who are often denied basic dignities.