this post was submitted on 21 Jun 2025
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I mean, I could handle the prices going up if wages went up in equal proportions.
Not only could you handle it, it's actually beneficial. Inflation - if matched with equivalent increases in wages - eats away at debt over time, because your debt is locked in at the point where you take it on, but your buying power relative to that debt continues to increase.
Our enemy is not inflation. Inflation can be our friend. Our enemy is stagnant wages that no longer rise in step with productivity.
Everyone needs to see this graph and really understand what our problem is.
Let's not forget around 1971 is when the USD got off the gold standard. This allowed the US to print more money and that surely never caused any problems.