No, prices were super-high for more than a decade, before returning to let's say roughly double the pre-crisis price for the 90s, then spiking again.
Or regarding recent decades as normal, 1922-1972 was a window of steady low prices.
https://i.insider.com/58593c27ca7f0c20008b6b76?width=800&for...
If this was actually happening, we would see the impact in increasing labor prices, not stagnating labor prices.
And incomes of people near the top, in all fields, increased relative to the median too.
Yeah, that's a different argument. Its arguing that low-cost finance is crowding out savings. However, in this case if you look at the savings rate, its still a little too high relative to historical averages. Of course, 2020 is nuking all of the statistics. But prior to the COVID shock, both gross and personal savings were high and climbing despite constantly juicing the markets with cheap finance.
https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/GSAVE
When the government can print money willy-nilly, it can finance any boondoggle it wants to. This free money would pull qualified people away from more productive endeavors. It makes sense that this trend would, over time, impoverish society and enrich those in Washington's orbit.