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re “Either way I think the Fed is screwed.” No Wage Inflation?

Posted by Mr.Copper @ 17:19 on January 8, 2016  

The bonehead PTB media keeps complaining about “no wage inflation”. Huh? They forget to mention we have cops here making $200k plus huge benefits. Some cops have wives that are school teachers, making $100k plus.

The media needs to tell the public, “we want and NEED, wage inflation in the tax paying private sector” “So we can keep up the wage inflation in the tax ABSORBING public sector.

I’ll NEVER forget, the ’70s inflation was blamed on the United Auto workers union calling it a “wage price spiral” rather than admitting removal of gold backing on the Fed Note Dollar which dropped like a rock after the de-peg and raised all the prices and rates. Oil $2 to $42. Etc.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.