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smaulgld
2014 Apr 18, 8:30pm
smaulgld
2014 Apr 18, 8:30pm
What the author fails to show is the relative increase in prices. In his example he shows that a car was $100 one hundred years ago.
When a car was $100 in 1913 the median household income wasn't $40,000 a year as it is today!
A truer picture of the erosion of the dollar would show incomes in dollar vs price of items in dollars.
The point is while we make more what we make buys less
http://investmentwatchblog.com/everything-is-a-bubble-because-of-the-fed/
#bubbles