yuppies and inflation

[Anonymous No.51067122]

Can someone please explain why when inflation went up by 8.8% from December 1971 right until late 1973 then went up 12% towards the end of the decade and by the 80's the yuppies (now boomers) were earning 100K, 200K, 250K, 500K average a year?

>2022:
>houses 1m average just to own a home,
>price of living is through the roof,
>wages are bad unless you doing 70-80 hour weeks

>1980s:
>live comfortably on easy earned 250k a year entry level, even the fuking hippies turned into yuppies
>own multiple homes and a BMW or Porsche was average

wtf is this? 2022 - covid and lockdowns, everything increases in price, wages are nothing unless you're a doctor, what is this? did boomers stuff us around?

[Anonymous No.51067151]

My uncle had a $150k income in the 1990s and he was the “rich” uncle.

[Anonymous No.51067817]

>>51067151
yep, so in other words, everything actually went down hill since the 80s

[Anonymous No.51068186]

>>51067122
The economy was very strong in the 1970's.
They had very high rates, and inflation, but the US did not enter recession until Volcker had to really crank the dial, after essentially a decade of prices being nuts.
The US economy today is kind of like a financial parasite.

[Anonymous No.51068348]

Inflation is caused by too much money creation.

Private banks create all money, NOT government.

Therefore, private banks cause inflation.

proofs at:
bankLIESdotORG