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RE: "the average US citizen will be in near-poverty status before the end of this century"

Posted by pictureguy on May 26, 2023 at 13:01:47:
Tell me I'm wrong.
or better yet?
Explain why what appears an obvious coorelation is not correct.

Milton Friedman supports this idea and is not the only one.....

Now? to be honest, I'm not a big fan of 'single cause' anything. Events are driven by multiple causes.
So, If you wanted to ADD to the causes of inflation? Sure......What is on your list? I'd add some kind of corporate / industrial reason. Call it whatever you want. Even Greed would work.....

Does government spending also play a role in inflation? I'd say yes...to the extent that expenditures exceed income by more than 1% or so......a reasonable rate of inflation...