- Jan 24, 2015
- Reaction score
- Alta California, federalist.
No, it is not immaterial; it is a failure of Capitalism and why the socialism of Government has to bail us out.Whether they should have or not is immaterial, you cannot double the MW overnight and expect there to be no consequences. That only happens in the left's dreams, and no one takes the left seriously about economics.Wages should have kept pace with inflation on an Institutional basis from the beginning, we know capitalism won't do it and has no basis to care. Hence, the socialism of Government and fiscal command economics by legislative Act.1. Democrats never cut anything. Even Bubba was forced to almost balance the budget by Republicans holding his feet to the fire. No, democrats are fine with increased debt.Increased debt and the Rich getting richer is right wing modus operandi and nothing new.1. The increased debt. We do have to pay back what we borrowed, or default, which is even worse.
2. Inflation. One of the biggest reasons you're complaining about the MW being too low is inflation, and QE makes it worse by increasing the money supply but not adding actual wealth value.
3. Post WWI Germany had rampant inflation because they were trying desperately to rebuild their destroyed country. That has nothing to do with our QE now so you can stop talking about it.
Nope; wages should have kept pace with inflation on an Institutional basis from the beginning, we know capitalism won't do it and has no basis to care.
Germany also employed a form of QE; we have a better understanding of economics and better mechanisms now.
The out-of-control inflation began somewhat mildly during World War I, as the German government printed unbacked currency and borrowed money to finance military expenditures.--https://mashable.com/2016/07/27/german-hyperinflation/#:~:text=The%20out%2Dof%2Dcontrol%20inflation,reparations%20on%20the%20vanquished%20Allies.
2. Wages should reflect actual value, not arbitrary ideas of what should be paid. Anything else causes inflation to worsen, because the amount of money that used to buy an hour's labor now only buys part of an hour.
3. Germany has nothing to do with us other than to serve as a cautionary tale of what not to do.