IF inflation and devaluation actually occur??
They used to say, “That and a dime will get you a cup of coffee.”
When I was a kid, candy bar was a nickel, then a dime, a quarter. Now it’s a dollar plus.
New cars used to cost $600.
Universally recognized as silver
Worth $1.11 at the moment. Still buy a cup at most places.
And this is what you got: :)
You're oversimplifying. The growth of the welfare state,
of out-of-control government,
of mass importation of dependent foreigners,
the mass importation of working foreigners,
the rise of women in the workforce,
the explosion of consumer credit,
the cult of the walk-on-water CEO,
the laws making it a better deal to fund businesses with debt rather than stock,
the phenomenon of stock options as payment for executives,
the rise of executive pay compared to workers,
the flood of government regulation,
the plague of lawyers,
also all had their part.