It’s all about the money supply. The devalued our money so workers think they were making more to avoid a communist revolution.
It’s all about the money supply. The devalued our money so workers think they were making more to avoid a communist revolution.
The price of gold has kept up with inflation. Same amount of gold required in both periods.
Yet house prices have not. The price of housing, let alone homes, has outpaced inflation and wages not too gradually for half a century now.