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by cm2187
1428 days ago
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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. |
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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.