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This is simply not true. Education, healthcare, and housing costs have far outpaced inflation.



People didn't buy nearly as much of those three things in 1970.


What do you mean? The home ownership is on the decline, especially among younger people, and "one unit of education" (i.e. a bachelors') hasn't changed. Yes more people are going to university on average, but the price of higher ed is not regulated by scarcity.




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