Prices are always going to go up. The reason is simple: deflation is scarier than inflation. In a deflationary environment, people stop buying things because they say to themselves, why should I buy today when I can buy tomorrow for cheaper? So the government will always institute policies that increase inflation. Which in turn will force the above trend in median earnings to continue to go down. Still don’t believe me? Here’s the proof: INFLATION SINCE 1940, COURTESY OF YOUR LOCAL FEDERAL RESERVE BANK: Notice the small blip down in 2008/2009. We had a tiny bit of deflation. What was the
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