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The $16 Trillion Dollar Question: This is Why We're Poor

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How did it become necessary for Mom and Dad to both work to make ends meet?

The reality is that prices haven't really moved, but wages for basic labor have fallen by over two thirds since 1960. If we still used the old silver dimes, quarters and dollars, this is what prices would look like today (every dollar of old silver coinage contains $24 worth of silver in todays money).

Here's how the price of a nice suit has changed since 1960, in terms of old-school silver dollars (not at all).

 

Inflation clothing

 

Here's how gas prices have "skyrocketed". It looks like the problem is with the dollars, not with the gas.

 

Inflation gas

 

Looks like housing prices are still the same. I'd love to see 10,000 real silver dollars, too.

 

Inflation Housing

 

And the truth comes out. You have to work more than three times as hard to get the same amount of "coin" these days.

 

Inflation minimum wage coins


How did this happen? We lost sight of how we got rich in the first place, and legislated ourselves into poverty. 50 years of mismanagement has gradually eroded the American way of life. It may seem unbelievable, but just compare North and South Korea.

Wealth is freedom, and freedom is wealth.

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Richard is an engineer by day, and a political activist by night, fighting would-be totalitarians and government busybodies everywhere.

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