that's a subjective call encodes what things you care about. Look nobody's going to say the median standard of living hasn't increased (although it has stagnated of late), but we don't know what it could have been. How much of the increase in standard of living is due to the economic structure, and how much is due to technological improvement? People aren't starving in the streets when we have a depression-level economic displacement. The fed loves to argue that it's because of its stewardship, but let's be honest, it's because of Norman Borlaug (and the like).
Finally, you can't be sure that the 'systemic issues' that are 'holding down' those who are 'not going up' aren't the factors that causing the rest of the economy to go up.
If you don't think the game is 'rigged' show me where I can get one of those negative real interest rate loan I keep hearing are getting floated to 'keep our economy stable'.
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that's a subjective call encodes what things you care about. Look nobody's going to say the median standard of living hasn't increased (although it has stagnated of late), but we don't know what it could have been. How much of the increase in standard of living is due to the economic structure, and how much is due to technological improvement? People aren't starving in the streets when we have a depression-level economic displacement. The fed loves to argue that it's because of its stewardship, but let's be honest, it's because of Norman Borlaug (and the like).
Finally, you can't be sure that the 'systemic issues' that are 'holding down' those who are 'not going up' aren't the factors that causing the rest of the economy to go up.
If you don't think the game is 'rigged' show me where I can get one of those negative real interest rate loan I keep hearing are getting floated to 'keep our economy stable'.