BTCMILLIONAIRE
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December 11, 2018, 12:17:18 PM

We done that back in the 1970's when notes became linked to nothing of any value pretty much the world over.   That story is old, now its just fingers crossed they dont write out 5 more trillion overnight.   Only really democracy says otherwise but in fact that just slows the process and its occurring that way anyway

Theres no doubt modern society is not a failure, great advancements have been made across pretty much every industry most notably thanks to technology improving efficiency and reducing labour costs, latency of all kinds that normally inflate the cost of a product.   However wages didnt rise, fell even for some so wheres the cost risen to counteract the gains from efficiency


Does that chart consider tools and machinery that increase workers' productivity? Because in that case I would consider the number as "worker gross productivity" at best, where most of the productivity is accounted to the tools.