Trillions of dollars of stimulus have failed to inflate the economy out of the deflation that is the actual 2008 crash. Deficit spending by governments to prim the pumps are based upon the assumption that wages and sending will grow to spur productivity for the government to tax to grow out of the deficit. In deflation money does not get spent or invested. ((When you look at what drives inflation, wages are the largest component. Most people focus on commodity prices, but wages actually are far more important, McNabb said. And we have not seen much inflation there.)) Government has done nothing to stimulate wages.
Posted on: Wed, 14 Jan 2015 19:14:28 +0000
Trending Topics
Recently Viewed Topics
© 2015