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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 799385"><p>This really in a nutshell is everything wrong with our economy. At 10% inflation, costs double every ~7 years. If you’re a working class person, it is exceedingly difficult to find a way for your wages to double every 7 years. So you’re just fighting to tread water, but the water keeps rising. All this funny money printing and holding rates artificially low is the silent working class killer.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 799385"] This really in a nutshell is everything wrong with our economy. At 10% inflation, costs double every ~7 years. If you’re a working class person, it is exceedingly difficult to find a way for your wages to double every 7 years. So you’re just fighting to tread water, but the water keeps rising. All this funny money printing and holding rates artificially low is the silent working class killer. [/QUOTE]
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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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