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#1007 Nic Carter On The Systemic Issues In American Financial System

The Pomp Podcast

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Inflation Adjusted Average Hourly Wages

Inflation adjusted, average hourly wages in america have been down for fourdonts. The two thousand tens were disinflationary because we had the shale boom. There is tons of abundant energy that's over. It's politically difficult to extract oil and gas from the ground. So even if you do have lots tat demand destruction, and you sort of temporarily get inflation under control, the corps underlying trends are not changing.

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