Gotta love the central bank grift.
> Never fund critical thinking courses in public schools, or courses on how money works, or on how to protect your wealth.
> Encourages everyone to invest in the stock market for retirement, without teaching anybody how to do it in schools.
> Average people working to make ends meet just keep their excess in a savings account with no interest.
> Borrows dollars from everyone and promises to pay it back with (on average) 4.2% annual "interest".
> Prints on average about 7% new dollars in a year so all dollars are worth about 7% less. This includes the previous loan debts that need to be paid back. 4.2% (interest) minus 7% (debasement caused value reduction) nets a real return of -2.8%. Treasuries are a bad investment.
> Measures the countries economic growth in dollars year over year, without adjusting for the reduction in the real value of the dollar.
> Economy "grows" 2 - 4% every year as measured in dollar units.
> Proclaim: Success! Economic growth goal succeeded!
Gee I wonder why average people earning an the average income can no longer afford basic living expenses anymore, like a average home or childcare or healthcare or university.
Don't worry though, the economy is doing great...