As most Republicans, I'm not a supporter of chasing inflation with minimum wage increases.
So if we were on a gold standard and a dollar now was worth what a dollar was 100 years ago, if I put a $1000 in the bank 100 years ago, it would still be worth the same. It would have the same buying power.
The inflation is runaway. I guess you support our 22Trillion dollar debt because it helps the stock market go up and lower the cost of a mortgage.
This idea that wages are going up is an illusion. In 1973 I bought a house in Orange country for $31,000. In 2001 I sold it for $200,000. So did I make $169,000 in profit? No! If I wanted to buy a similar house, it would cost me $200,000! But the government would tax me on the $169,000 "profit" I made on the house.
So I gained nothing, except on paper, but I got a whole lot more bills.
No, just good sales works. Rising prices are needed when sales go down.Quote:
Originally Posted by Judy
If the cost of living remains the same, there is no need to jack up the prices, wages or rent. Shareholders "share" the profit. So as long as sales are up, at a fair prices, everybody makes out.Quote:
Originally Posted by Judy
Next time save your money and rent.
Oh! So you're happy you have something to sell. Then what's your problem?
No it isn't "bad". You sound like someone who got their education from the Tee Vee. Stop embarrassing yourself.
in·fla·tion
inˈflāSH(ə)n/
ECONOMICS
- a general increase in prices and fall in the purchasing value of money.
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Is inflation is good or bad?
When inflation is too high of course, it is not good for the economy or individuals.
Inflation will always reduce the value of money, unless interest rates are higher than inflation. And the higher inflation gets, the less chance there is that savers will see any real return on their money.
How can inflation be good for you? - BBC News
www.bbc.com/news/business-30778491