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Ep. 2161 Communism: The Bad and the Ugly, in Both History and Theory

The Tom Woods Show

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What Can 25 Cents Buy?

In 19 33, for example, workers real earnings. were down to only ten % of what they had been seven years earlier. Imagine that in seven years time, you find that yourin can buy you only one tenth of what it used to who cares what the dollar amount of your income is. I'm saying that people used to be able to buy this much stuff with their income, and now they can buy only this muchstuff with their income.

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