All this analysis tells me is that america is suffering from the same sort of inflation that Spain suffered when it stopped becoming the economical power house and Britain suffered during the 20th Century. What happens is money that was issued as dollar debt to foreigners creeps back into the economy that taxes in american dollar.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
This list should tell you everything - The difference in purchasing power between a Swed and american is just 6,000 dollars.
This is not even accounting for how expensive healthcare /education is in america - since america does a shitty job training its doctors compared to European nations - and even cuba.