.....Martin Bate, a 31-year-old ....since finishing college,” Mr. Bate said. Since then, he has received a promotion and a raise that amounted to 12 percent. So, he finished college about 7 to 8 years ago.Which , taking 7 years, works out to an annual wageincrease of  1.7 %Below even the distant goal of the Fed of 2% Fact is , working Amercans , even "transportation planners"are paying for inflationWhich is a "tax" used to pay off Government Debt See THE LIQUIDATION OF GOVERNMENT DEBT; Carmen M. Reinhart and M. Belen Sbrancia  +)Beloved by politicians because they do not have to vote on it, A tax falling most heavily on those making the leastAnd one that actually can make money for the RICH.  Aslong as they can borrow at negative real rates (rate of interest return minus rate of inflation) they can and do *profit* from inflationBorrow, borrow... invest ...  your borrowing costs will be eaten up by inflation.  Just like the US Government debt---+) <a href="https://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdf" target="_blank">https://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdf</a>

.....Martin Bate, a 31-year-old ....since finishing college,” Mr. Bate said. Since then, he has received a promotion and a raise that amounted to 12 percent. So, he finished college about 7 to 8 years ago.Which , taking 7 years, works out to an annual wageincrease of  1.7 %Below even the distant goal of the Fed of 2% Fact is , working Amercans , even "transportation planners"are paying for inflationWhich is a "tax" used to pay off Government Debt See THE LIQUIDATION OF GOVERNMENT DEBT; Carmen M. Reinhart and M. Belen Sbrancia  +)Beloved by politicians because they do not have to vote on it, A tax falling most heavily on those making the leastAnd one that actually can make money for the RICH.  Aslong as they can borrow at negative real rates (rate of interest return minus rate of inflation) they can and do *profit* from inflationBorrow, borrow... invest ...  your borrowing costs will be eaten up by inflation.  Just like the US Government debt---+) <a href="https://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdf" target="_blank">https://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdf</a>

user
no
assistant