That doesn't make sense. So inflation on food, healthcare, gasoline, rent/housing, and other core budgetary expenditures for the consumer is a good thing? Especially since we know that incomes for the 99% have been stagnant under Obama and Bush Jr? Exactly how is stagnant income and inflationary policies on the goods consumers need to buy, a good thing? What it does is lower the standards of living for the 99%. What these Keynesian policies have done is create part-time low paying jobs, while high paying full time jobs get whacked.
This is Econ 101, but almost everyone has assets, and debt on assets. When assets go up in value, wealth increases, and debt load decreases. It's a win for the little guy and a loss for the big guy, the guy who made the loan.
Salaries follow inflation, always have always will. its a cycle, and a cycle we could use right not to lift the lower middle class out of debt. Make then whole, and growing and spending. Make them optimistic. |
