"The house auction loser thinks, “Aw, shucks, I got outbid, and didn’t get the house. Them’s the breaks, I guess,” never imagining it’s the government’s doing.I like the link to the minimum wage issue.
The late-receiver of new money thinks, “Man, my wages aren’t keeping up with rent and groceries. Times sure are tough,” never imagining it’s the government’s fault (except perhaps to foolishly think the minimum wage should be higher).
The saver who is temporarily out of his contract work with a busted leg thinks, “Wow, I’m burning through my savings a lot faster than I thought I would,” never imagining the government’s role in his predicament."
Monday, May 19, 2014
Federal Reserve
How inflation ruins our lives.
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