Re:Bart employee salaries CSV
by carlyle4545 on Wednesday July 03, 2013 @09:15AM
(#5984265)
If the US passed legislation to raise the minimum wage to a rate you feel is "fair" (whatever that means), how do you propose the Fed deals with the rampant inflation that'll surely erase any perceived benefits of said legislation?
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The actual demand for goods and services which would rise as a result of the lower class having enough money to actually buy them is not the main driver of inflation. The main driver of inflation is the printing of more money which is inherit in our fiat currency system.
I advocate a return to a resource-based fractional reserve system as a way of mitigating inflation overall.
Since Nixon took the US off the gold standard, credit use has spiraled out of control: http://www.federalreserve.gov/pubs/bulletin/2000/0900lead.pd...
You want to talk about increased demand causing inflation? Look no further than consumer credit.