Re:The labor shortage is the catalyst for sustained inflation
by vvarren on Thursday August 19, 2021 @07:15PM
(#28240521)
Absolutely. In fact, inflation may be the strategy of choice to get the US out of its debt crisis. Ruling class is totally fine with inflation, because it allows them to raise wages to $15, 20, 25, 30 per hour and act like benevolent leaders when in reality wages are just catching up to where they should be after decades of stagnation.
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Re:The labor shortage is the catalyst for sustained inflation
by selimnairb on Thursday August 19, 2021 @10:31PM
(#28241793)
What debt crisis? The national “debt” is not a crisis. The US has a great degree a monetary sovereignty. As long as this is true, it will always be able to pay its “debts”. The US government spends money into existence, which is a direct subsidy to either states, citizens, the private sector, or foreign interests (in the case of USG buying imported goods).