Re:Raising Floor for Minimum Wage Pushes Economy into the Un...
by yummyfajitas on Tuesday July 28, 2015 @07:29AM
(#9960704)
Rent increases are inflation, house price increases are not. Similarly, burrito price increases are inflation but chipotle share price is not. Please, understand inflation and cpi before opining on it. Also google it - inflation has been very low over the past decade.
(In fact, its my belief that we've had deflation for a while, since I believe cpi is considerably overstated. The biggest driver of inflation is health care, which is not hedonically adjusted.)
According to you, money in the hands of the poor has a higher multiplier (I.e. causes more inflation) than money in the hands of the rich. How does that not contradict your previous post? In whose hands does money cause the most inflation, the poor or the rich?
Also, your ideas about stimulating different parts of the economy are pretty explicitly not Keynesian.
(In fact, its my belief that we've had deflation for a while, since I believe cpi is considerably overstated. The biggest driver of inflation is health care, which is not hedonically adjusted.)
According to you, money in the hands of the poor has a higher multiplier (I.e. causes more inflation) than money in the hands of the rich. How does that not contradict your previous post? In whose hands does money cause the most inflation, the poor or the rich?
Also, your ideas about stimulating different parts of the economy are pretty explicitly not Keynesian.