Financial Physics
@FinancialPhys
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The car’s interior camera thinks asian man’s eyes are closed
New car market should rightfully collapse
America 1963:
Almost no foreign oil
No war on drugs
No war on poverty
Americans built things
Machine guns were available by mail
Median house price $18K
Average home buyer age, 24
$1 US dollar had the same spending power as $115 does today
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In July 1971 federal minimum wage was $1.60 per hour
That today translates to $187 per hour in spending power
—Spending power is not well understood or taught
Test your pattern recognition skills:
Which of these is different?
