Replying to Avatar Bitcoin Mises

Working class people have seen 25-30% inflation in the last four years and have not experienced similar salary increases, life has become more difficult.

If the economy is doing so well shouldn't people be more financially well of, because they certainly aren't.

The truth of how the economy is doing is often hidden by macro statistics.
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less 1y ago

Yup.

Inflationary money is abominable and leads to two classes of Americans: the Owner class and the Renter class.

The Renter class has experienced a slowly and steadily worsening of their quality of life over the past 50 years or so.

Meanwhile, the Owner (stocks, real estate, bitcoin, etc.) class have enjoyed a stable or steadily improving quality of life over the same time period.

#Bitcoin will eventually fix this.

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Bitcoin Mises 1y ago

I absolutely agree with your statement but disagree with you saying there is no recession. What is considered a recession to you?

For me, if most people are doing worse off financially then I consider that a recession, even if a small percentage are having huge gains, skewing aggregate data.