"Joe Biden is, at the moment, losing his reelection campaign. And he is doing so while presiding over the strongest economy the United States has ever experienced," @AnnieLowrey writes:
Shit’s terribly expensive yeah but inflation never reverses. You’re not gonna get a regression back to the prices of yore, and the central bank will literally see to it that that stays true for reasons i won’t get into.
Bread and milk are still 2x what they were, and it’s as good as law that they won’t come back down.
yup the only way to counteract the deleterious effect inflation like that has on working people is a proportional increase in wages
the owners of capital dont want that because inflation combined with wage increases across the board demolishes any gains they make on interest on debt, effectively it wipes out the value of debt so they will fight tooth and nail against whether or not it is bad for the country as a whole
so as always death to capitalism death to america death to the great satan
Shit’s terribly expensive yeah but inflation never reverses. You’re not gonna get a regression back to the prices of yore, and the central bank will literally see to it that that stays true for reasons i won’t get into.
Bread and milk are still 2x what they were, and it’s as good as law that they won’t come back down.
yup the only way to counteract the deleterious effect inflation like that has on working people is a proportional increase in wages
the owners of capital dont want that because inflation combined with wage increases across the board demolishes any gains they make on interest on debt, effectively it wipes out the value of debt so they will fight tooth and nail against whether or not it is bad for the country as a whole
so as always death to capitalism death to america death to the great satan