Damus
Dr. Jeff · 79w
September unemployment rate: 4.1% vs 4.2% (expected) and 4.2% (prior) September US nonfarm payrolls: +254k vs +132.5k (expected) and +159k (prior; revised from +142k) The Doom and Gloomers and Reces...
Bitcoin Mises profile picture
Working class people have seen 25-30% inflation in the last four years and have not experienced similar salary increases, life has become more difficult.

If the economy is doing so well shouldn't people be more financially well of, because they certainly aren't.

The truth of how the economy is doing is often hidden by macro statistics.
11❤️3
Dr. Jeff · 79w
Yup. Inflationary money is abominable and leads to two classes of Americans: the Owner class and the Renter class. The Renter class has experienced a slowly and steadily worsening of their quality of life over the past 50 years or so. Meanwhile, the Owner (stocks, real estate, bitcoin, etc.) class...