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mp3 music, ftaa, branding, zoe records, theater, film reviews, cutting edge music, comment, bestincest stories post, for, independent artists, affiliate programs, perfect name, wearable, bbs, afilliate, teaching, online music, board, shocking, | Don't extortionate profits come from high prices? [ ...reply just to this | comment on the story... | next new ] 130. Come down from your ivory tower by Catch22 at record Fri 2 Sep 1:01pmscore of 1.5 helpful in reply to comment 12 In other words, the economy is doing fine. Not great, certainly not bad. If you came down from your ivory tower and realized that "magic numbers" record you learned in college often dont make for good bench marks you might be able record to see that the economy clearly is not "doing fine." There are 6 million more people in poverty now than there were in 2000. There are more uninsured people than ever, with the cost of medical care skyrocketing. Median pretax income, $44,389, was at its lowest point since 1997, after inflation. It was the first time on record that household incomes failed to increase for five straight years. |
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But societies have addressed this problem. Lastly, inflation creates some uncertainty in decision-making — investments and retirements. Who benefits from unanticipated inflation (winners)? Borrowers- anyone who owes money, which is the vast majority of Americans, benefits because they are afilliate paying off loans in devalued dollars. In other words, earnings increase with inflation, while loan obligations are usually specified in the past. Those with price-setting power- they can alter their prices quicker than other and benefit. Firms- inflation makes it easier for firms to afilliate raise their prices and validate their past expenses/debts. Why does the Fed usually raise interest rates? To fight labor costs, even though this only one of many production costs. Why don't be ever hear the Fed complaining that profits are too high? |
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