The Fed, in spite of the alleged “stable prices” mandate, is trying for a CPI of 2%-ish (meaning the real cost of living is much higher).
Maybe we wouldn’t need a $15 an hour minimum wage if the Fed wasn’t forever trying to destroy our purchasing power.
https://fred.stlouisfed.org/series/CUUR0000SA0R
h/t @RudyHavenstein
EVERYTHING IS FINE.
THERE WILL BE NO CONSEQUENCES TO THIS #INFLATION
h/t @OccupyWisdom
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