j_robySomething's wrong...
jelloeater85
WTF Happened In 1971?
https://inflationdata.com/articles/2022/08/10/u-s-cumulative-inflation-since-1913/ "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." - F.A. Hayek…
Sanity_in_ModerationThey don’t actually answer that question. It’s like they’re building to a huge reveal, and then it just stops. Unless I missed it completely.
I think there’s some hints.
- Administration costs have risen, food quality has gone down*
- Everything has become market based, inflation is built in and required in modern market stability models
- The very wealthy have learnt to extract more of the value share
Residential land in good places is now scarce and so expensive, where it was abundant and cheap back then (because population has increased)
*That’s contentious, some people think quality has gone up, despite obesity rates now vs 1972