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Old 10-11-2018, 06:53 AM   #86
Loneiguana Loneiguana is offline
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Quote:
Originally Posted by DJ's left nut View Post
And if interest rates didn't start to get back up with us reaching near full employment, the inflationary impact would've been brutal.

Now inflation is great news for the nuts on the left; it devalues wealth in the hands of the evil upper class while simultaneously pushing up minimum wages in the majority of states that now have CPI inflators. Inflation's a great thing for them because, well, they're stupid.

But for everyone else, they know that you can't just keep it in the red line without blowing the engine. There has to be a bit of a governor here to avoid serious inflationary shock.

Pretty much 'Macro-economics 101' shit here but there's no real surprise that Oaklandhater whiffs on it.
Seriously, who are these liberals guys like you and babble lee go on and on about? Pro tip there Mr. Strawman, the voices in your head aren't actual people.

No one has ever said anything about "inflation good because it pushes the minimum wage up". Ever. Nor does anyone think inflation somehow will make the rich less rich.

The minimum wage has, for the last 80 some years, never kept up with inflation. Tying minimum wage increases to inflation is a policy because politicians haven't been raising the minimum wage over the years.

You literally have it ass backwards about minimum wage and inflation. The argument isn't "inflation good, it raises the minimum wage." The argument is "inflation erodes the minimum wage over the years, so the minimum wage should be increased as inflation increases."

And macro economics 101 says that low, steady inflation, that we usually see in America, is good for everyone. Capitalist economies need inflation because we depend on growth. Ever single home owner with a fixed interest loan benefits from this type of inflation. The problem isn't inflation, the problem is horrible conservative trickle down policy that has caused 30 plus years of stagnant wages.

Oh, and most on the left have been saying interest rates need to go back up for years because when the next recession hits, which is coming -- a republican is in the white house -- lowering interest rates is one of the tools to help jump start the economy. Right now, ten years out from the last slow down, we don't have that tool.

As usual, take your imaginary liberal voices you hear and your fear mongering about "inflationary shock" and shove it.
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