Loading ...I remember when they actually boldly admitted it in the news, late 1960s early ’70s, the boss loved it. I was working at that time, and remember well. No time to explain it all, but the system can’t get away with that anymore.
Central planned artificial man made economy. The Copper chart shows it. Loss of control. If you hold a price down, and suddenly it doubles in cost, its NOT inflation. Its a correction to the upside.
If something is gov’t supported and price gets too high, and drops in price like the SnP or real estate, its a correction, not deflation. But we all know, “inflation” is defined as an increase in money supply, and the higher prices lag, come latter.
But quite often Money Supply evaporates, then the Fed can print again, look at bit coin and the indices evaporated many dollars doing the fed a favor to fight “inflation”. And often inflations end in deflations they print.
How do they hold wages down? SIMPLE, over time they don’t raise the minimum wage lock step up 7% per year. To match cost of living. The base wage holds all the others down. The whole abortion economy is out of whack.