Almost like there's a moving target ;)

The math says that inflation has destroyed what was rightfully a much stronger currency because of the work that went into it.

There is no shadowy cabal of elites, it's a blatant effort of independently greedy overprivileged beneficiaries who are in position to thrive better the more that the general financial malaise of working people becomes overwhelming. Lots of the wealthiest have never built their original family fortunes any other way.

There's not supposed to be a need for a consumer economy.

Remember how it was, over the last 50 years of macroeconomics? There are equations for this.

Every single recession was never going to end until consumption picked up.

Too bad consumers are just about tapped out, so naturally it's going to be worse than ever.

That's no conspiracy, that's just what the math said.

What if we would have had a producer economy instead, or even just a more reasonable balance?

How do you like it when your equations show what you thought was a negative was reversed back into positive territory like the 21st century has never seen?

Remember in expensive places like San Francisco or New York City, the small single-family homes which are out of reach for all but the most fortunate today, were the exact same homes that were well within reach for a wage earning factory worker, the kind who eventually retired without significant raises over their career while producing products which required no price increases since there was no serious inflation. Their passbook savings accounts provided a secure retirement after their home was paid for, and property tax at the time was still insignificant compared to today. Only a single income was necessary for that kind of security.

If you had a better-than-average job, like being an engineer or something, and had the disposable income for more meaningful investments than mere passbook savings, your single-income family would not have needed to settle for the smaller homes and you would have been able to retire someplace like Florida or Hawaii for instance in perhaps more deluxe accomodations than you had during your working years.

The old folks' UBI of Social Security came along just for those who missed the boat altogether. Wasn't really needed until after the Fed had settled in a while.

Remember, there's not supposed to be a widespread need to raise your socioeconomic stature unless something is wrong to begin with.

It's just nice having that opportunity if you would like to take it, and productive capitalism can be one of the efficient options but there are others which are even quicker, with many of the quickest not actually productive in the _macro_ sense.

As we have seen.

The math says that inflation has devastated the US dollar and the vast majority of American workers with it, because that's the only dollar they were working for.

People are so desperate some of them would probably rather work for some imaginary coin now in way that would never have been considerable when silver dollars still had their intended $1 face value.

Hindsight's 20/20, if your equations do not yield the actual outcome you may just need to brush up on your business math.

All kinds of math could be more accurately done, right now we've got 45 comments remaining but it says 139 at the top of the page.

Apparently over half the comments at the time have now been retracted, maybe it was bad math on all sides?