Economics is the study of decision making related to the use of limited resources in a world of unlimited demands. Gandhi sets aside all presuppositions, examining each matter on its own merits. Here, we shall explore this exchange.
Wednesday, June 6, 2012
Musings of A Central Bank Strike for Pay Raise
The U. S. Inflation Calculator on the Internet indicates price inflation of 121.4% since I got out of high school in 1984. My pay in relative terms has only risen 75% across all occupations I've tried and examined during that time. Maybe I just need to go on strike at the Central Bank. Monetary inflation always outpaces price inflation, and price inflation always out paces labor wages. I'm just sooooooooo sick of this dynamic in Keynsian-Marxist economics.