samhill wrote:Franco, like I said prove it wrong.
I can't prove it wrong Sam because I don't even know what it is. Rise in income is going to be higher when inflation is high which the chart ignores. It just reveals nothing. I would rather have an Eisenhower dollar (adjusted for inflation) than a modern one because I could buy more with it back then, yet my income would be lower.
The other chart shows government debt held by the public as a percentage of GDP. What the hell does that prove or even mean? The Vietnam war doesn't even make a ripple. Why is that? Could it be because it was financed by overtime money printing that finally landed in Jimmy Carters lap? What about total debt as a percentage of GDP? It ignores that because the chart would be very different.
If the charts are valid they indicate something other than what they claim. An expert job of cherry picking data and arranging it to prove a preconceived point whose conclusions are subtly fallacious.