The M2 money supply went from:
1970: ~545B
2023: ~21.1T
Increase: 39X
Today, people work the same 40-hour workweek as they did in 1970, and the average worker’s productivity has soared, suggesting they should be better off than before.
However, quality of life has plummeted as the purchasing power of the dollar falls. https://video.nostr.build/b33fa71962493f1096125dcd00c585aa6b6c9d2b218a04d1c6aa1fea8ae0dd49.mp4
Discussion
No replies yet.