That is all true although in many ways the currency is not being devalued. People like to state that yet they are overlooking all that people use to pay for that is now free.
The housing situation is due to the fact that we all urbanized. The push to the cities sent prices screaming. Of course over leveraging globally is also a problem.
Many are screaming and whining about inflation. They never truly experienced deflation. Just ask those who remember the Great Depression how a deflationary environment really is.
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