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View Diary: America is not Broke! (12 comments)

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  •  Inflation in what? (0+ / 0-)

    We already have asset inflation, commodity inflation and land (misnamed "housing") inflation, caused by all the QE and a little (relatively) government stimulus.  Meanwhile the bottom 90% hasn't seen a real wage increase since 1972, adjusted for inflation (or even worse, adjusted for inflation the way it used to be calculated, before the CPI was jiggered.  See John Williams' Shadowstats.com).  It's time to inflate the wages of the middle class before it shrinks to nothing and we live completely in a feudal serfdom.  Furthermore, we need public infrastructure, as the infrastructure put down during the great public works of FDR's time is crumbling away and insufficient to meet current needs.  Direct infusion of debt-free money would lower unemployment and raise real wealth in infrastructure, schooling, social security etc. etc.

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