I saw a post about about workers wanting $15 an hour and I can't seem to wrap my head around how the public hasn't decided that inflation is the problem and instead decided that the companies that actually employ them are? Its so short sighted and is as if the whole of society has just accepted the rat race created by the Federal reserve's mandate to create inflation and just seem to want additional check points along the way with cheese so they can keep running the maze. It would make more sense to me to just stop inflation so the poor (or everyone for that matter) stop getting taxed (which is what inflation is) every time the Fed prints a dollar.
I know many people will say that deflation is bad because if prices come down then people won't spend while waiting for a better deal and we will just get stuck in a downward spiral of jobs getting lost while everyone waits to spend their money. I never understood that argument either because with all products from TV's to refrigerators to cars and even homes people buy them as soon as they can afford it because they want it now. TV's come down in price every year... doesn't stop people from buying one every couple of years to get the best tech that's on the market. Despite decent used cars being available people still buy new ones. there really is no logical basis for any prolonged collapse spiral due to people waiting for a better price on everything. That's just not how it works
The only real problem we have now is that rat maze that has been built over the last 100 or so years due to constant inflation of the money supply is that if we were to correct to the problem and shut down the maze the result would be temporary catastrophic as the deflation (or lack of cheese) that would occur that would bring us back to some sense of normalcy would be pretty painful. I know this is probably the biggest reason why no politician will touch this subject and why we need to be in the streets actually demanding it so we ca get rid of the systemic issue that is slowly (faster for some) driving us all into poverty.
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Submitted July 01, 2015 at 05:51AM by outofsync42 http://ift.tt/1GXGDg0 changemyview
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