[Your Nightmare]

Oh, I get it. He "can’t say whether they will earn more or less" but he can say "the end result of pricing will not require the Fed to accommodate and that the retail price level will be virtually the same as it is under the current tax system." The problem is they are mutually exclusive. You can't have consumer prices stay level without nominal wages being reduced and you can't have nominal wages staying level without consumer prices increases. This is the same old shell game they've been playing for years.

These guys just aren't straight shooters.

[RobFromGa]

I thought it was particularly disengenuous that he stated that gross wages might actually go up.