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by cm2187 1428 days ago
There is no question the 4 trillon (not 2) money printing has been the main driver of inflation. The question is not so much whether inflation has been created, it has, and has been in the CPI index for a year now. The question now is whether we are starting the cycle of price increase => wage increase => price increase, i.e. whether we will get inflation also next year and the year after, etc. Breaking that cycle is ugly business.
1 comments

Too much money printed at the top.

What should wage workers do except demand more at the bottom?

If we don't demand higher wages the the printed dollars just end up among the really rich.

Wage workers can and should demand more. When we're at the point where rising wages lead to a spiral of inflation, there's lots of other problems in the economy, so there's no point in wage workers not demanding more.