Loading ...And if HOUSES and Stocks are considered money, and THEY drop, its another drop in money supply. Back in the 1971 to 1981 era big buffoon Adolf Paul Volker raised rates from 6% to 21%, now THAT sucked LOADS of money out of the system, as people sold coins stamps antiques etc to buy or invest into bonds and CDs etc. Money needs a host to spend it. Wages LAGGING also are not good for increasing money supply.
In the ’40s thru 60s young people out of high school, entry level ditch digging, burger flipping, diaper delivery etc earned enough on Minimum wage to support a wife and 5 kids, a vacation each year etc.
Young people these days, if NOT employed in civil service, are still home with parents.