You’ve been trashed Woody. You’re not even a lightweight at this stuff.

And, he continues to compile serial comments because he is one of those who can’t think fast and says, “Hey, should I should have said this. I should have said that.” Look at the times between his comments!

What’s hilarious is that reg considered my last post to be “complex,” when it was completely off-the-cuff and basic enonomics and accounting.

I’ll try not to discuss more complex issues like how to balance a check book. Why confuse a Democrat like reg or Obama with a complex financial term like “balance.”

I guess they’re using robots to man their franchises…

Total waste of time…

Now, you pull out a selective study, a typical one that starts with a desired outcome and then backs into some number crunching to “prove it.” There are objective studies that say otherwise.

Okay, let’s check out what I said about inflation in response to your wonderful example. A hamburger in 1955 cost something like five to ten cents in these parts, but today they are twenty to forty times that cost! That is what is called inflation, and that is made worse by increasing minimum wages and forcing other wages and prices up until yet the next round of increases. You jack around with the economy, ccst jobs, and end up no better off than you were – actually worse off.

I’m not looking up exact numbers, but let’s say a typical family’s earnings in 1955 was $10,000 a year. Now, that family has to make $70-80,000 to be supported, and the mom has to go to work, too. No mom at home…replaced by government babysitters called public schools, poverty and joblessness up. Hey, good job!

And, wouldn’t we like to pay the taxes on $10,000 rather than on $80,000. Yep, inflation kept moving people into higher tax brackets every year that the Democrats were in charge.

In fact, it was a double win for Democratic “tax and spend” programs. First, through inflation, they raised workers’ tax rates on higher taxable income, but income that had no more purcahsing power, so families were worse off and government got richer. Next, the Democratic scheme paid back government debt with dollars that were worth a lot less. Not good for investors.

Oh, did you know, too, that farms have become more efficient and mechanized over the last fifty years, transportation to the markets is better, and that restaurants use more labor-saving devices for food preparation? All of the new innovations are to replace expensive labor just so that the price of hamburgers and foods can stay reasonable. Jobs for lower skilled workers are lost. What do you know?! And, how are those robots working out in the auto plants?

Thank goodness cash registers compute change, because today’s government educated workers have no chance of doing that in their heads.

And, why pick 1955? Within two years the minimum wage has gone up 59%! I’d say that’s beating inflation until the market stablizes.

People earn more purchasing power by becoming more productive – period. All the government wage controls are fluff and damaging in the long run.

If you disagree, perhaps you could write a piece on how inflation makes us all better off.

Give up, reg. You’re out of your league.