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I guess what's happening ever since the housing market bust is that virtually all asset classes are guaranteed to appreciate at rates that outpace inflation, a
by JeremyNT 1y ago
I guess what's happening ever since the housing market bust is that virtually all asset classes are guaranteed to appreciate at rates that outpace inflation, a guarantee paid for largely by workers whose real wages decrease due to inflation.
You would think "that can't go on forever" but so far workers have failed to organize or support reforms that could correct it. The "hack" to maintain this in perpetuity seems to be distracting workers with get rich quick gambling schemes and culture war xenophobia.