Toddsterpatriot
Diamond Member
You know nothing about economics. The reason that $.35 burger cost ten times more is because the US dollar fell 96% due to money printing. Wages are always trying to play catch up with inflation but never do keep up.
So let me get this straight skippy. According to you, you say that rather than pass the cost of doing business along to customers, businesses will "lower their prices" and attempt to make the deficit up in sale quanity.
You, sir, no nothing about economics. Not only are you NOT savvy in business, you are
The problem with you voodo inflationomic retards is you can't even comprehend plain English, much less economics.
Deflation forces prices down. Business will never willingly lower prices & are always trying to charge as much possible. Customers will not allow you to hike price in a deflationary environment created by lower deficits.
Prices usually just stagnate with those opposing forces & history proves the declining dollar dramatically slows it's fall when minimum wage is raised above government support levels.
Interesting you mentioned Business 101 earlier. Because college business 101 doctrine was created & inserted into schools by Wallstreet Bankers to brainwash idiots like you into keeping your money going to them. They teach fantasy wage/price spiral & Philips-curve inflation creates jobs nonsense. They turn out voodo inflationomic retards like yourself by the millions. Someday you might grow a brain & a pair & demand your money back for those classes. Because you will never get anywhere in life with your head up your ass.
Even during the peak of unions in this country, wages did not drive inflation, wages have never caused prices to rise. Unions strikes did disrupt the economy & cost jobs, but minimum wage has never, never, never, never caused a wage/price-spiral that your business 101 class hammered into your head.
I will leave you with this. A couple years back McDonald's raised prices. Their McDouble went from $1 to $1.29 because their input commodity prices rose. Their workers did not get a raise or any extra healthcare benefits. The farm field hands picking the food did not get raises or more benefits. But McDonalds prices rise 29% even if you lower wages or hold them the same. It's called inflation & it is 100% created by Bankers & Governments. Workers never create inflation, they are deflationary because they create goods, services & wealth to pay down the inflationary debts created by Bankers & Governments.
Customers will not allow you to hike price in a deflationary environment created by lower deficits.
Lower deficits are deflationary? Can you prove it?