Saturday, April 22, 2006

What Causes Inflation

Is it really inflation if wages don't rise? Economists used to peg inflation to workers wages, remember the nasty seventies with Wage and Price controls. Of course those are capitalist economists, or more correctly apologists. They now peg inflation to what really causes it; not wages but prices and the creation of profit.

Gas prices may stoke inflation, economists say

Find blog posts, photos, events and more off-site about:
, , ,

No comments: