Saturday, June 21, 2014

Federal Reserve

Growing income inequality started around 1970 when the US went of the Bretton Woods agreement.

We're supposed to be happy about rising prices.
"The recent pick-up in consumer prices is generally considered good news for the economy because annual inflation was well below the Federal Reserve’s 2% target last year. Low inflation reflects a weak economy and can lead to deflation, or falling wages and prices, which often foreshadows recession."
Hooray, I'm poorer.

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