Скачать или смотреть High Income, Low Feeling: The Economic Dissonance

Why does a record-high stock market coincide with a sense of economic anxiety? The answer lies in how we measure value.

In economics, the "Money Illusion" describes the tendency to think of currency in nominal terms rather than in real purchasing power. In this episode, we explore the concept of the "Rubber Ruler"—what happens when the unit of measurement itself changes over time. By adjusting the S&P 500 for Money Supply (M2) and Gold, we gain a completely different perspective on the last 25 years of market performance.

This is not about market crashing or booming. It is about understanding the difference between "Price" and "Value."

0:00 - The Dinner Party Dissonance: Rich on Paper, Poor in Reality 3:15 - The Rubber Ruler Metaphor: How Measurement Works 6:40 - The Denominator Problem: Pricing S&P 500 in Gold 9:50 - The Sponge Theory: Market vs. M2 Money Supply 13:10 - Nominal vs. Real: The Optical Illusion Explained 15:20 - The Human Cost: How Many Hours of Labor to Buy the Market? 17:40 - The Realization: Stop Chasing the Number

#MoneyIllusion #PurchasingPower #EconomicBubble #FinancialPsychology #NumeraireEffect