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Politics : President Barack Obama
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To: Fiscally Conservative who wrote (25016)6/30/2008 10:58:20 AM
From: koan  Read Replies (1) of 149317
 
finally there:"
That is good. AS long has higher costs can be absorbed by all then inflation can be managed. The problem arises when wages intially do not readily keep up with products. Wages tend to lag although they eventually rise in form. I am expecting the next 5 years to be inflationary."

Many do not think wages will keep up this time.

People on fixed incomes get slaughtered with inflation. The rich can find vehicles to float with inflation. The poor get hurt the worst.
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