American Railroad Shutdown - Food would rot, like dairy, fruits, and vegetables, at their points of origin; Amtrak service would stop for ~ 12.2 million daily riders, materials and goods would not be delivered to factories and ports, and heating fuel and other fuels and chemicals would not be moved.

submitted by In-the-clouds from (uschamber.com)

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[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

People who think inflation is a function of prices . . . don't understand inflation.

Cost of living (CPI) has gone up about 8% YOY

Property (OER) is up about 5% YOY

These exaggerations to the extreme make you sound stupid.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

Prices are a function of inflation. Wages should rise in line with prices. They should be pegged. But they aren't. There is no limit to increases in prices therfore there should be no limit to wage increases. In fact to be fair wages should increase more due to efficiency improvements.

Any claim that wage increases are not fair without including in that argument the increases in profits is nothing short of propaganda. Workers deserve fair compensation and forcing them to take pay cuts due to inflation is not fair.

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

wages should rise

WRONG. Inflation should deflate. Congress and the President should spend less. Fiat money is stupid, but it's stupider when people keep electing fools.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

That's not how any of this works. The money has already been printed and distributed. Inflation is already on the rise. It is nothing short of idiotic to not react accordingly with the excuse that you think all of reality should be different. Absolutely idiotic.

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

the government could stop spending more money than it takes in right now today.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Government spending is a nebulous term that is too broad to mean anything valuable. You can't put schools and roads into the same category of spending as the multi trillion dollar bailout packages handed out to banks and cronies.

The problem is the bailouts specifically. Bankers and business tycoons doubled the money supply and stole it all. They essentially robbed the rest of the country of half it's wealth.

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Hell if I can't.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

If your goal is to be a shill and obfuscate the problem for the benefit of the criminals then naturally you would.