2min chapter

The "What is Money?" Show cover image

A Global Currency Collapse in 2023? with Lynette Zang (WiM312)

The "What is Money?" Show

CHAPTER

The Cognitive Optic Illusion of Goldback Currency

People think they're richer, but what you're not seeing is the diminished purchasing power per unit. The average wage back in 1971 was something like $9,500 and a family of four could live with one wage earner. Today, it's like $57,000. You're still paycheck to paycheck.

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