[fancifalmanima]

It's also only part of the story. If the median or average income has grown at a larger rate than the decline in value of the dollar, you still come out ahead from the perspective of human living conditions. I'm fairly confident that the median American is living a better life than someone in 1630, or 1730, or 1830, or 1930.

In short, from an economic growth perspective -- things have generally worked out. Not that things are perfect, or that I love that anything sitting in my bank is slowly losing value. Just that things have been generally going in a positive direction and I'm personally cool with a slowly devaluing dollar if that means that same general trend continues.