Re: the US dollar is turning into toilet paper
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The vast majority of Americans have seen a decline in their "real income" (measured in cost of living) since around 1970.
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Surely this is false. The majority of Americans didn't even have incomes in 1970. (Google says the US median age is 35, so most Americans weren't even alive in 1970.) Of those that were working then and are still working now, 37 years of experience probably raised most of their wages quite a bit.
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