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I think every discussion about worker pay should include the Federal Reserve/fractional reserve banking/fiat currency. CPI is a terrible indicator that doesn't
by marketingPro 6y ago
I think every discussion about worker pay should include the Federal Reserve/fractional reserve banking/fiat currency.
CPI is a terrible indicator that doesn't include productivity gains. Inflation numbers from the government are notoriously unreliable.
Is the problem corporations? Or fiat currency?
- dragonwriter 6y ago> I think every discussion about worker pay should include the Federal Reserve/fractional reserve banking/fiat currency. Why? > CPI is a terrible indicator that doesn't include productivity gains. It's a price measure, why would it “include productivity gains”. There's certainly a use for a productivity index, but it has very little to do with the basic purpose of CPI. > Is the problem corporations, No. > Or fiat currency? Also, and even moreso, no. It's largely fiscal policy doing exactly what it was chosen for the purpose of doing.