3min chapter

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#1143 Dave Collum | 2022 Was A Disaster Year

The Pomp Podcast

CHAPTER

Would You Rather Live in 1925 on a $50,000 Salary or in 2022 on $50,000?

People have gotten mad that if you go back to 1971 and when we went off the gold standard, many of them are flat or down. And so if you're flat for 100 years and actually the change in value is the debasement of the currency, then it starts to bring up a lot more analysis in terms of wages. You start to look at is the consumer, is the investor, is the business better off today than they were 20, 50, 100 years ago? I think there's a very strong case that that may not be true.

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