Chart of the Week: "Downhill Since Nixon"

US Person's 2004 campaign speech at the longshormen's union hall had this social condition as its theme:

The chart shows since Nixon's second term of office the real wage of working Americans has dropped in value steadily.  The trend is more accurately shown by the blue line which is deflation before the official CPI statistics were altered in 1980 to produce the relatively flat red line showing less alarming dollar deflation.

This chart shows the equally clear correlation between general price inflation as reflected by the consumer price index and the development of central bank fiat money in the United States.  The deflation of the currency has had far reaching social effects, one being the widespread development of the two worker family income, and another the relative enrichment of the rentier class at the expense of labor.