Toddsterpatriot
Diamond Member
- May 3, 2011
- 102,243
- 36,262
Much like a dog at the track can never run fast enough to catch the mechanical rabbit, the minumum wage will never catch up with the prices as they will simply rise with the minumum wage.
Prices do not rise because of wages!
Prices ALLWAYS rise before wages & only because of expanding money!
If prices don't increase because of wage increases, then who pays the money for those wage increases?
The prices already increased when money was lent or printed into existence & tax cuts so the owner has had a windfall of profits a year or 2 before wages increase. The wage increase comes out of his profits!
The prices already increased when money was lent or printed into existence
I just borrowed money to buy a new house.
How much inflation did my mortgage cause? Please show your math.
You drove up house prices & demand as soon as you paid the seller with that money borrowed out of thin air. The seller then took that money & drove up the price & demand buying their next home!
Price inflation is always created when fractional reserve money is borrowed. Deflation happens when the loan is defaulted on or paid back. In the USA wages only rise as a result inflation, they NEVER cause inflation.
You drove up house prices & demand as soon as you paid the seller
You're confused, he drove down prices and demand when he sold to me.
with that money borrowed out of thin air.
Thin air? You're confused, every bank loan is fully funded.
Price inflation is always created when fractional reserve money is borrowed.
What if demand for money rises 2% but fractional reserve borrowing only increases the money supply 1%?