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That's a very narrow view of inflation. If you increase wages, there's more demand for goods, more demand means higher prices which means higher inflation. Same
by gchamonlive 22d ago
That's a very narrow view of inflation. If you increase wages, there's more demand for goods, more demand means higher prices which means higher inflation. Same with tariffs, they are paid when importing goods, which is passed onto the consumer, resulting in higher prices and thus inflation.
- consensus1 22d agoAnd where did that money to increase wages come from?
- gchamonlive 21d agoWhich money? The real money comes from the working class that make the world run, if it's manual labor, creative labor or managerial. The fake money comes from speculation.
- WalterBright 22d ago> That's a very narrow view of inflation. It's the only correct one. For proof, consider the inflation that happened when Spain looted gold from S. America, then during the California Gold Rush, then the Yukon Gold Rush. All driven by an increase in the supply of money.
- gchamonlive 21d agoSo you are applying economic dynamics from the... gold rush to the modern era? You do realise gold isn't the base value for dollar since 1933 at least.