[KarlInOhio]

Interesting little trick there, comparing 1987 vs now in nominal dollars for each year for the Fed and Warren Buffet's assets but doing inflation adjustment on the payroll figures. If you inflation adjust the others they would be 11x and 16.7x. Sure, still huge, but using different rules for them is a sign that Stockman is cheating. He may have a point, but my antennae are up.

[Toddsterpatriot]

but using different rules for them is a sign that Stockman is cheating.

He seems to do that a lot.

[ameribbean expat]

Stockman’s no vestal virgin, as evidenced by his affiliation with Bill Bonner. Nonetheless, he’s playing to the old saw that whomever is closest to the bank (read: fed) wins, and his broader point about interest rate policy is on target.

[major-pelham]

I believe the 1.03x wages multiplier is the only number that matters, the ones you reference are a shiny object. Particularly, since the article isn’t really about that but about tFED policy funding no risk speculation.

Back to your numbers, if you can just concentrate a second on the productivity gains since 1987 and imagine there’s a .03x in renumeration increase for the constant 40 hour labor input - it’s a crime against humanity. Against CPI it’s .8x. I am a firm believer there’s no excuse not to get ahead in the USA but these numbers show workers never seem to. There is movement amongst strati, we all know that, but there’s no rising tide that lifts all boats according to Stockman. The sheeple are probably not smart enough to undesrtand it but this is why they are revolting. Our oligarchy must be brought to heel.