Ole Jay Powell, chairman of the US Federal Reserve Bank, made a point of going on sixty minutes recently, which I don’t think was a coincidence. Of course he spoke the quiet part out loud and said, and I’m paraphrasing wages is what cause inflation. Total BS, but this is the narrative of the globalists.
This forum is great though. The M2 money supply chart has shot up like a rocket. But sure let’s blame it on wages.
Yes, increased wages increase costs. So this causes inflation. But there will be crazy inflation if a bunch of billionaires decide to buy raw materials or stuff for new businesses as well. It could also happen with continuing increased stimulus.
The only thing that is keeping hyperinflation away is a bunch of corporations and billionaires keeping their money sitting in banks like it's a high score.
Ole Jay Powell, chairman of the US Federal Reserve Bank, made a point of going on sixty minutes recently, which I don’t think was a coincidence. Of course he spoke the quiet part out loud and said, and I’m paraphrasing wages is what cause inflation. Total BS, but this is the narrative of the globalists.
This forum is great though. The M2 money supply chart has shot up like a rocket. But sure let’s blame it on wages.
porque no los dos?
Yes, increased wages increase costs. So this causes inflation. But there will be crazy inflation if a bunch of billionaires decide to buy raw materials or stuff for new businesses as well. It could also happen with continuing increased stimulus.
The only thing that is keeping hyperinflation away is a bunch of corporations and billionaires keeping their money sitting in banks like it's a high score.