This is a graph showing the money value (in inflated currency) of the Dow Jones as opposed to the “real value” corrected for inflation. The first thing of note is my favorite depression, the one in 1921, the last in which the government was smart enough to do nothing—a sharp dip followed by improvement until 1929. Then government policies made the Great Depression great and kept real value from increasing until 1950 when it rose again. Then came Kennedy, Johnson, Nixon and Carter and the dismals until Reagan’s policies.This upturn lasted until almost 2000 and may be heading down but certainly has not been up since then. This is not a Democrat-Republican divide, but a policy divide.
People are divided into tax consumers and tax producers. All government agencies are devoted to demonstrating to us that we’re all tax consumers. Any money that goes somewhere must come from somewhere.
Cheerio and ttfn,
Grant Coulson
Cui Bono-Cherchez les Contingencies
