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Soon, $222,000,000 an hour won't buy a loaf of bread.
Will not buy much when banks print up some credit for empty plots of land fueled by ZIRP and then laundered by the FED. There I quite agree. You know its funny....we have all this inflation right after a real estate bubble, and not after a minimum wage increase bubble. Why is that?
And when banks print more money to buy and sell it on credit, guess what happens to inflation.
What do you mean where is the product? land is certainly a product, and it's location is its most valuable aspect. What is your point, that printing money is inflation? ok. who wouldn't agree?
Why respond with this to my point that raising the minimum wage makes money worth less?
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