0 sats \ 2 replies \ @anon 15 Mar \ on: America's middle class is collapsing (because they get richer not poorer) charts_and_numbers
"Constant 2020 dollars"
Lot of bullshit in that phrase. Who wants to bet the are using CPI (3.9%) and not money supply growth (7.1%) for that.
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0 sats \ 1 reply \ @zuspotirko OP 15 Mar
Yes? What's your point? That's exactly what the statistic is openly about?
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0 sats \ 0 replies \ @anon 15 Mar
The point is you can come to the opposite conclusion:
the middle class is collapsing because they're getting poorer not richer
if you use the rate of money supply growth (from 1967 to 2020) to adjust the 2020 dollars.
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