Good post.

If you go over to National Review Online, you'll read plenty about the "Bush boom." But what "boom" sees median household income falling for five straight years?
[ My Very Brain: So, How Is the U.S. Economy? ]

We are building an imbalance (disequilibrium) between debt and wages. Same old story, with the same old fix.

Just go search on
"milton Friedman" "asset inflation" CPI
and start rumaging through the results.