| ▲ | gchamonlive 5 hours ago | |
That's a very narrow view of inflation. If you increase wages, there's more demand for goods, more demand means higher prices which means higher inflation. Same with tariffs, they are paid when importing goods, which is passed onto the consumer, resulting in higher prices and thus inflation. | ||
| ▲ | WalterBright 5 hours ago | parent | next [-] | |
> That's a very narrow view of inflation. It's the only correct one. For proof, consider the inflation that happened when Spain looted gold from S. America, then during the California Gold Rush, then the Yukon Gold Rush. All driven by an increase in the supply of money. | ||
| ▲ | consensus1 5 hours ago | parent | prev [-] | |
And where did that money to increase wages come from? | ||