inflationnation

The real cult is the one where "productivity" is considered a measurable and worthwhile goal.

How could you *possibly say this !?!

It is literally the definition of not having to break ones back to feed their family!

The problem is, we have allowed our money supply to become manipulated so that inflation can capture the productivity increases to those controlling the money supply instead of to those producing the output.

I post this wherever I see this argument, as someone else has done the work to CLEARLY show the data that shows where the output goes:

https://wtfhappenedin1971.com/

Well, it is easy to see that is an incorrect statement.

GDP and wages can both easily be adjusted for inflation.

We can then measure and see that with inflation, while GDP continued to grow in real terms, all median worker wage increases were offset by inflation.

https://wtfhappenedin1971.com/

What does this mean? It means that in 1971, creating a purely FIAT currency with unrestricted ability to devalue it, gave those in charge the ability to move all productivity gains from the wage earner to the capital owner.

And as the data points out, at no point has there been even a smidgen of release of the pressure on the wage earners throat to allow them at those productivity gains.

Any income gain a "median" worker can ever hope to achieve is more and more exclusively tied to not earning that income via a wage.

This basically defines where our housing and other speculation bubbles are coming from, and shows that people fundamentally know this and are trying to escape the rat race of being employees if they ever hope to build wealth.

want to see an explanation that perfectly aligns? https://wtfhappenedin1971.com/