in response to “when prices are adjusted for inflation, Americans today spend '40% less on clothes, 20% less on food, more than 50% less on appliances, about 25% less on owning and maintaining a car’than they did during the early 1970s. Over that same period, Census Bureau tables show, US median household income rose by at least 18% in constant dollars . . .”
i received this reply "
bbnet replied on 11-12-2009 9:09 AM
sthomper:
if the figures i posted earlier about lower prices for many goods is true, and the prices have decreased in relation to wages from 3 decades ago…is the current money regime a ‘bad’ thing?
Yes, the positives mentioned are a product of the evolving market, not the current money regime and would be even more positive if the market was freer."
here Austrian & Keynesian Theories Vs. Mathematical Facts - #100 by filc
so is the crisis really one of monetary de-governmentalization…as the masses go rushing to commodity metals as money??
or is the crisis that “the current money regime would be even more positive…” can that be proven?