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by moralsupply
1921 days ago
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With "low CPI" the government doesn't have to update government workers' salaries to compensate for real inflation. In the US, 1/6 of the workforce is paid directly by the government, which indirectly generate something in the range of 30-50% of all economic activity in the country. Hence why it's in the best interest of the government to state there's "low inflation": it doesn't have to spend too much with its payroll, while it can "profit" more from the money it prints. |
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