The Fed Has Created Stagnant Wages In An Age Of Plenty

For most people wages have been stagnant since the 1970s. There are very clear reasons why that is the case. Here are the details…

For the vast majority of people, wages have been stagnant since the 1970’s. What happened in 1971? Well, that was the year that the U.S. dropped what was left of the gold standard. The major beneficiaries of that fateful decision have been the politically-connected and crony 1%.


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