Corporations are using inflation as an excuse to raise prices and make fatter profits — and it's making the problem worse
Inflation is a lie, communism is fun, and twerking is important
Democrats don’t lose elections because of rising prices. They lose when they cut spending and raise interest rates, sacrificing other goals at the altar of price stability.
The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
The real, inflation-adjusted data show most U.S. workers have not benefited from the growing economy.
Our government’s and corporate media’s failure to capture the true extent of unemployment creates a distorted narrative about work that feeds bewilderment and self-recrimination.
This assault on typical workers’ bargaining power in recent decades has indeed made it harder to spark wage growth. But this doesn’t mean that you give up—it means you try harder!
When an economist confidently tells us that the unemployment rate can't get below 5.4 percent, 5.2 percent, or 5.0 percent without causing the inflation rate to spiral upward, why should anyone have confidence in this assessment?
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There is no reason for the Fed should be acting to slow the economy at the slightest hint of more rapid wage growth.
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