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Lowering inflation to 2% will crush the US economy.
You need a higher stable inflation rate around 3-4%
- Allianz Chief Economist, Mohamed El-Erian
Here we go… 🚀
Discussion
Rock meet hard place...
lol
“Stable” 🤡
Halving the value of money every 18 years.
Wtf, is this for real or parody?
Just like minimum wage why stop at $15. Why not $150?
It’s weird that people want a lower minimum wage.
I don’t think many want a lower minimum wage, but some people advocate for no set minimum wage
Bro these are people who have virtually zero bargaining power - they are price takers. If there was no legal requirement to pay it, businesses would pay less.
Advocating for its abolition is advocating for lower wages for those who are already poor.
Denmark has no minimum wage but I don’t hear much complaining from workers there
Different societal and financial structure.
You want to adopt everything else that comes w no minimum wage in Denmark, or only the bits you like?
The second one
Thought so.
They have extremely strong social programs that support lower income earners. Isolating single policies in a broad economic framework will lead to catastrophe.
Minimum wage laws are ridiculous government interventions that were created for racist purposes and perpetuate the power of the state. A federal minimum cannot be equally applied from Manhattan to Mobile without significantly undermining the plight of workers in poor areas of the country
You couldn’t be further from the #truth.
The employee has gained the upper hand. The state should not be defining the minimum wage, rather the market should be based on the abilities of the individual.
It’s a painful bandaid to rip off, I know. But we’ll never be truly free if people adopt your perspective.
This is the beautiful thing about #bitcoin, is brings all different types together. Even ones who seem to look to the state for solving mankind’s challenges.
#JesusIsKing #Freedom #AnCap
We'd all be so rich!
Inflation is theft
Lol. The're capitulating.
I used to follow this idiot on LinkedIn 😂
Wrote a whitepaper - how demand meets supply and settled with lightning transaxtions
https://github.com/cryptofolyo/demasupp/blob/main/whitepaper.MD