Economics is a made up science the only purpose of which is to defend the exploitation of others through capitalism at all costs.
From 1945 till 1975 one adult working a full time minimum wage job could support a family of four with enough left to save for retirement, their children’s education and enjoy a modest yearly family vacation. How much money today would it take to earn the same quality of life? Maybe you can get there with $150,000 but families of 4 with 2 adults working full time and earning $30 an hour each thats barely scraping by at $124,000(pre taxes and dedictions)
I saw an msnbc article about abyear ago that i wish i saved because i could never find it again but the article gave the amount of money whomever wrote it had estimated one needed to earn anually to be middle class with a family of 4 today and middle class means you can afford a yearly vacation and lived to the same standard of life people had 75-40 years ago the number was just under 200,000 and this was when gold was just under $2200/ ounce so it pretty much added up to my math within a few thousand dolars. So this is why i think someone making minimum wage even in 1956 till 1971 had mucu more purchasing power, you could huy a house for $7500 or even less if you found a fix me up (my grandfather bought a house they were going to burn down in providence rhode island for $2700 in 1955) but today the median house in the usa costs over $400,000
Paper money is worthless. We only give it value because ultra wealthy people tell us to. But the reality is that every currency in circulation is inextricably tied to the price of gold. Also when you look at the exchange rate between any two currencies you will see they all add up to whatever the price of gold is. For instance if a gbp was equal to $1.30 per 1£ then an ounce of gold in £ will be 10/13 of the price of gold in usd.
Also printing money is inherently inflationary
https://evonomics.com/pretending-hard-science-ethics-free-julie-nelson/
Go ahead and trust the biggest liars on the face of the planet. War lord prison industry profiteering peices of trash who spend more on a weekend vacation than you could earn in a dozen lifetimes.
The price of gold has gone up in tandem with the amount of money being printed and the shift of wealth acquisition from the bottom to the top. 86 years ago till 50 years ago the share of wealth for the bottom 80% of society was around 90% now its the other way around the top ten percent control 90% of the wealth. 50% of Americans have less than 200,000 in assets and liquid. 60% of workers live paycheck to paycheck with no emergency savings a majority of millennials and gen z are never going to own a home never going to have retirement savings and be forced to work till they are too sick to do so with the hopes that social security isn’t gutted and nonexistent in 30-60 years
You may think im crazy however you and i likely have a much different intellectual capacity. Im guessing your iq is average at best? Maybe 110 at most? But whatever you want to believe. Even double the highest minimum wage today is garbage. People used to be motivated to work by the fact that the wages offered provided a better quality of life but today the only thing motivating a majority of people to work is the coercive threat of homelessness starvation and loss of dignity.
Ive received the same pushback for espousing these ideas and its always the same bullshit. Trust what wall street tells you, they are the experts, you’re just a conspiracy theorist nut job crackpot.
So really all I have to say is kindly go and Kick rocks buddy.