[Kaiser8408a]

Damn it, Biden!

[Diana in Wisconsin]

Shadow Stats has had Inflation pegged OFF THE CHARTS for the past two years!

http://www.shadowstats.com/alternate_data/inflation-charts

[webheart]

YoY!

[Williams]

Large population states have created high minimum wage laws.
Wage inflation is the most pernicious and is moving through the whole economy.

[stremba]

I take issue with the author just a bit. He says that in normal times the Fed would raise interest rates to cool off the economy. Well that is not exactly true. Raising rates usually does have the effect of cooling off the economy, but that is not the reason they do it. Inflation is caused by an overly large money supply. Raising rates decreases demand for loans, thereby reducing the monetary multiplier effect and thus reducing the money supply.

Saying the Fed raises rates to cool off the economy is kind of like saying the doctor uses the defibrillator to make the alarms stop beeping. It does that, but that isn’t the real purpose.

[pangaea6]

crummy little french fry workers are still asking for outrageous hourly pay rates and as long as companies need bodies they have to pay it. There should be a minimum wage for full time vs part time workers. Most food service places do not need many full time workers, this would save a ton of money and cool some inflation