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Nominal wages have increased since 1970. Where did the money go? It's not hard, it's basic math: deficit spending necessitates printing money (done in various
by runT1ME 9y ago
Nominal wages have increased since 1970. Where did the money go? It's not hard, it's basic math: deficit spending necessitates printing money (done in various ways, notably QE) , which eats away spending power.
- c22 9y agoThat explains where the money went, but what happened to all that production?