Middle Class Shrinkage
April 7, 2026
Writes Bill Madden:
The video below will explain why most of us seem to be spending more, saving less and suffering a contraction in the quality of our lives.
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Those ruling our country, the major owners of Corporate America, have decided to squeeze the middle class by drastically reducing wage increases relative to the gains in productivity and engage in the process of financialization which diverts productive growth capital to the unproductive task of bolstering the stock price. Employing capital to grow the company benefits the middle class while using capital non-productively to benefit the stock price helps Wall Street and disadvantages Main Street.
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Added to Corporate America’s anti-middle class actions is the use of fiat currency to support government over-spending. Corporate America always benefits from government squandering and, using fiat currency instead of the real money directed by the Constitution, allows over-spending and, therefore, inflation. The value of real money increases or decreases with the rate of inflation, fiat currency has no value.
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So wages are not being adjusted proportionally with the rise in productivity and the dollar loses value to the rate of inflation. The profits go to the major owners of Corporate America and these very wealthy people normally convert the fiat currency profit sharing to hard assets as the quarterly profit distributions arrive. They don’t feel our pain.
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Llewellyn H. Rockwell, Jr., former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. He is the author of Against the State and Against the Left. Follow him on Facebook and Twitter.
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