Comment by fasteddie31003

Inflation is the elephant in the room no one wants to talk about that keeps poor people poor. If you don't have any assets during the past year, I feel bad for you. You have lost so much purchasing power. I'm all for raising the minimum wage to keep up with inflation, but you never hear anyone talking about why we have to raise the minimum wage. They just want to cure a symptom and not address the root cause of why we need to raise the minimum wage. Hell, if you want to help address poverty by giving poor people more purchasing power, wouldn't you want deflation? Oh yea, people who own assets only benefit from inflation and are the ones pulling the strings on monetary policy.