Price inflation, the sinister byproduct of printing more and more fiat currency (which is the literal definition of ‘inflation’), means that even though the average US hourly wage has risen from about $4 in 1971 to $22.65 today, in actually buys less.

via pewresearch: On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s been in nearly two decades (3.9% as of July) … Read more