I don’t know why this chart fascinates me so, but it does…
After stumbling upon this item at the Telegraph with an infographic on the history of money, I went searching for the source, only to find that there are tons of infographics on the subject as shown below:
You’d think the central bank powers that be would have some appreciation for this subject and, more importantly, a recognition of how far we have strayed from whatever might have been considered “normal” for the last few thousand years, but they probably don’t.
More evidence that the current economic “recovery” is unlike any other comes via Robert Doar in this item at Real Clear Markets where food stamp SNAP (Supplemental Nutritional Assistance Program) usage has failed to take its usual course following the end of a recession by moving lower along with the unemployment rate.
Of course, new claims for unemployment insurance reached a 14-year low earlier today, so, the recent trend shown above shows no sign of reversing.
Why is this happening? The answers you might hear are likely dependent upon the political party affiliation of the person responding to the question, but this also involves changing demographics, ongoing cultural changes related to government assistance, and a host of other issues related to our financial/economic system and the decline of an aging empire.