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Inflation: A love story
MikeDamone
Member Posts: 37,781
in Tug Tavern
The Internet is forever. All written in 2021 when inflation was over 6%. “Putin Price Hike”. No doubt the BidenBros swallow it all.
https://www.cnn.com/2021/12/01/economy/inflation-good-bad-winners-losers/index.html
inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That's because wages are going up, which not only empowers workers but also gives them more money to pay down debt. Plus, in the case of a mortgage, your monthly payment will be the same but your house will increase in value.
https://theintercept.com/2021/11/10/inflation-economy-debt-milk-prices/
That’s because inflation is often good for most of us, but it’s terrible for the kinds of people who own corporate news outlets — or, say, founded coal firms.
https://www.vox.com/the-goods/2021/11/10/22775092/inflation-cpi-october-economy-biden-fed
https://www.cnn.com/2021/12/01/economy/inflation-good-bad-winners-losers/index.html
inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That's because wages are going up, which not only empowers workers but also gives them more money to pay down debt. Plus, in the case of a mortgage, your monthly payment will be the same but your house will increase in value.
https://theintercept.com/2021/11/10/inflation-economy-debt-milk-prices/
That’s because inflation is often good for most of us, but it’s terrible for the kinds of people who own corporate news outlets — or, say, founded coal firms.
https://www.vox.com/the-goods/2021/11/10/22775092/inflation-cpi-october-economy-biden-fed