Loading ...Roger that. Pretty much agreed. But during the good high pay years before 1970 nobody really cared about the prices. They were pretty stable. It after 1971 that prices got higher because they were forced to de-link gold and the dollar.
Naturally nobody wanted to lose purchasing power, so they demanded and got raises to stay even. Unfortunately, the fake media taught everyone the WAGES were causing the higher prices. The scumbags even named it…”The Wage Price Spiral” and claimed “The United Auto Workers Are Ruining The Economy”.
The excess printing from 1934 to 1971 caused a need to de-link the Dollar because the Bernie Sander foreigners were collecting out Gold at $35 when it was really $140. The minute we stopped redeeming or giving them our Gold, they started taking our manufacturing businesses. On top of that the Fed raised the prime rate to 21% to remove money in circulation. Lots of businesses got hurt. Savers had a good time.
They REFUSE to LOSE.