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> People will then have even less money after paying the grocery and gas-bills. Precisely. The less money people have the lower prices have to go for sales to
by nyokodo 4y ago
> People will then have even less money after paying the grocery and gas-bills.
Precisely. The less money people have the lower prices have to go for sales to be possible so increased unemployment is a downward force on prices but isn’t all that successful right now when there’s also a massive skilled labor shortage in the vicinity of record expansions of the money supply.
- rightbyte 4y agoInstead of forcing some people into unemployment wouldn't raising taxes a little bit on everyone have the same effect?
- happymellon 4y agoYes, but the people who raise taxes are not the people who understand economics.