There are many problems with the theory you espouse here but I will pick on just one thing. The idea that over the last X number of years you can reasonably com

There are many problems with the theory you espouse here but I will pick on just one thing. The idea that over the last X number of years you can reasonably compare one item to another for many things. A car or a house in the 1950's does not remotely compare to one today, the technology and the safety elements in a 1950's "box with wheels" compared to what you get with a modern car? Incomes are stagnant or declining in real terms we can agree on that. While low interest rates and easy credit are an element of that, why blame it on the "Fed" when easy money is happening the world over? After all, it is easy for average or poor people to shield their income for inflation, it is called getting a raise. Problems arise when the economy and tax system values capital over work - which was my original point.