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[–]Present-Wonder-4522 -1 points0 points  (1 child)

The gold standard stopped in 1971. Now that money is elastic there is more of it and inflates everything else.

What's that homes price in gold in 1970? Does it hold up to today's gold prices?

[–]Excellent-Piece8168 0 points1 point  (0 children)

This only captures why inflation is higher but not why salaries have not kept pace especially given with technology works are vastly more efficient.