middle income Americans aren't so poor they're skipping meals, but going hungry was coming in the great depression. me thinks this video has some sensational data or calculating errors.
Another Great Depression https://nostr.build/av/3174685a1a648d28b98c3c831277c12546d0ff9afb90cbfe475f0adfe576421f.mov
Discussion
Maybe. I know from a GDP per Capita perspective we are much lower than in 1930s.
Wages are just not keeping up with production ever since 1971.
I usually like to use gold as my inflation adjustment
1933 is kind of weird, given the discontinuity from $20.67/tz to $35/tz
At $35 the $860 car = 24tz = $48k in modern dollars
Which is still pretty damning - almost a century of progress has been completely captured by the banksters
The car might be a bad example, I looked again and she says 1930, so it should be $20.67 if we want to use gold to do the inflation adjustment (producing an $81k inflation adjusted number, so cars are cheaper now which makes intuitive sense)
Using gold to deflate gives us a home price of 188tz = $367k in modern prices
And gas goes from 10c to $9.43, meaning modern oil & gas is more efficient which also makes sense
I think we have a housing bubble (again) but industrially produced goods are cheaper than in the 1930s (although a more fruitful comparison might be 1970s when "we" went full fiat).