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Today, instead of the Black Death, we have Trump. Some might prefer the plague, but the result is the same; vastly increased prosperity and a continually rising economy that is very resistant to Recession.
It's the other way around; the economy improving means more demand for workers=higher wages (if they don't import millions of foreign workers)
It's the other way around; the economy improving means more demand for workers=higher wages (if they don't import millions of foreign workers)
Massive deficit spending is accompanied by something called "the multipier effect."
Go ahead and keep cheerleading for a Recession
What's sick is that republicans couldn't have planned it better if a democrat wins in 2020, becasue yes, a recession is coming.
Moderate inflation is a win win for everybody except
Workers on the other hand, will see (once again) their cost of living going up more than their incomes. This should be obvious to anyone that understands what's going on.
13
HEYYOU
ignore (33) 2019 Sep 2, 10:14pm ↑ like (0)
I disagree. You can’t have true inflation without rising wages. Simply increasing the cost of goods across the board without rising wages to match will trigger an automatic recession that will decrease consumption. And decreased consumption means decreased demand, which leads to lower prices just as we saw in the last recession. Prices of all sorts of things declined when demand was brought low.
Look at the past for examples: inflation was highest when wages were rising the fastest. And it was universally good for the common people, who used it as a get out of debt free card, and also saw their smallish assets like homes appreciate tremendously. This led to wealth for many, and a comfortable financial position for most, which led then directly to better economic times.
Inflation is only bad for banks, savers, investors, and other rent seekers. It’s an absolute boon for the working class.
What is bad though is wasting trillions extending the up cycle for political reasons.
I disagree, especially if we get the kind of inflation we are sure to get , that effects prices more than it effects pay.
Inflation will be good for those with a lot of debt, including low interest rate mortgages. Those with highly leveraged assets (such as Trump) will benefit the most.
Workers on the other hand, will see (once again) their cost of living going up more than their incomes. This should be obvious to anyone that understands what's going on.
There is no such thing as an extended period of low inflation with a rise in Real Incomes for the majority
Basically, all of the other bullshit means almost nothing beside the growth of the working class. As the working class gets richer, the economy grows stronger and more robust, innovation rises, and the good times roll!
Here’s a historical example. Europe during the Dark Ages was stagnant with the nobility totally controlling the working class and making of them near slaves. The Black Plague came to Europe and killed off a quarter of the people, especially hitting the working class very hard. But this created a severe worker shortage! All of a sudden, the nobles had to compete for workers to till their lands and make their goods. So they had to offer them better conditions, wages, and more rights. A rising working class led to a revival of innovation and art and prosperity in Europe that we now call the Renaissance. This movement led to such enormous advances in technology and science and culture, that Europe began to lead and conquer the rest of the world.
Today, instead of the Black Death, we have Trump. Some might prefer the plague, but the result is the same; vastly increased prosperity and a continually rising economy that is very resistant to Recession.
Don’t bet on the bears, unless the Democrats start to win. They represent the old nobility that is loathe to give up its suffocating power.
Trump is our man.
Warts and all.
https://www.breitbart.com/politics/2019/09/02/job-hopping-younger-workers-getting-big-wage-gains-says-business-center/