Inflation sucks:
Inflation: the gift that never stops giving, to the government. The ruling elite has protected itself from rising prices by giving themselves “Cost of living adjustments” in their salaries and pensions. Rising prices allow the economists to crow about how the economy is “growing”, when all that is happening is that the numbers are increasing due to the decreased purchasing power of currency. The constantly decreasing value of savings tends to reduce a lifetime’s work effort to zero value. This makes the elderly, who are not allowed to work, more dependent on the fucking government.
Inflation - the cruelest tax of all.
Seems to me the price of almost everything has doubled in the last 15 years. We consistently pay more and get less.
It helps kids with student loans who have fixed rates, people who own a home and want to sell, older people with money in savings accounts who will get higher interest rates.
Inflation hurts groups who have loaned out money and will be paid back with money 'worth less' - bankers, landlords who hold long term leases... etc. It'll hurt people with variable rate mortgages and help people with fixed rates.
It is not correct to observe the high minimum wage in Marin County and extrapolate to the entire country.
Marin County is one of the richest in the US. There are fewer potential workers there to draw on so I&O has to pull them from poorer areas.
Inflation is a monetary phenomenon not a function of wage rates.
Inflation is also being lied about. There are myriad games they play in what goes into the calculation. Beef goes up, they substitute that number with chicken.
The government has a deep personal interest in saying inflation is low. That way they can justify no COLA for social security, no military pay raises, etc. But most of all the interest rates don’t go up on their incredible debt load.
Them pretending inflation is low is essentially yet another tax.
Inflation is a tool used by the Elites to render us into economic slavery, in perpetuity.
Those Elites should be hung, but they should suffer first.