![JohnHenry.US [BETA]](https://johnhenry.us/wp-content/uploads/2024/02/site-logo-with-tagline-001-400.png){kind=logo}
Disclaimer: It is never our intent to provoke, encourage, or engage in aggressive behavior toward anyone whose social media posts may be included in articles. The use of social media content as a source of commentary or discourse is made without specific judgement related to the character or professional qualifications of the source of that content, unless otherwise specified directly. All embedded or screenshot content of this nature is taken from publicly visible sources.
Table of Contents
The “price of bread” argument fails not only in that it’s usually highly subjective and prone to strong influence of personal bias e.g. artificially glorifying “the past” as having been “better,” but it’s also completely meaningless by itself. Numbers increase, particularly in capitalized systems wherein the currency is based on an intangible asset like “the full faith and credit” of the issuing nation, as is the case with all such nations including the United States. By itself this increase means nothing that can be said to meaningfully reflect on the average quality of life.
Worse than that for those seeking progress, it often inadvertently draws attention to weaknesses in argumentation and flaws in a given logical calculus attempting to rationalize or validate progressive social policy. In doing so, the net effect tends to be empowering counter-arguments rather than advancing the ostensible agenda at hand.
In today’s example we’re going to look at a tweet by someone calling themselves “Fred Krueger” (not likely to be a real name, but it’s possible). Mr. Kreuger, who is entirely unknown to me, claims to hold a PhD from Stanford, and says he’s a “bitcoin maxi,” whatever that is, in his twitter profile. I’ve included a link to the original tweet below, but given conditions at Twitter I thought it best to also include a screenshot.
The tweet reads as follows: “The median family income in the US has gone from 10K in 1971 to 55K today, a gain of 5.5x however, The median cost of a car has gone from 4K to 48K, an increase of 12x. The median cost of a house has gone from 25K to 357K, an increase of 14x. The median cost of an ivy league college has gone from 3K a year to 87K, an increase of 29x. The average cost of healthcare per person has gone from $400 to $15,000, and increase of 37x. Basically, the average person in the US is worse off today than in 1971. So much for “progress.””
