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RE: Brief reflection: Inflation myth

in #politics6 years ago

Currency is a reflection of the value in circulation. @vieira inflation is when there is more currency than the products, goods and services in the economy. Thus one or the other has to adjust. The currency always goes down in value and the products goods and services always remain the same. Thus it takes more currency to buy the same products goods and services.

This is why it is thefts. The labor forces pay doesn't adjust. So a laborer is paid at the lower value of the currency instead of the higher value of the currency. So his labor that produced the product, good, or service or distributed or sold it, that is drawing the value to the corporation is artificially lower because of the rising cost of the products, goods and services.

Such is shifting the value of the labor in a cheating way. Think about it like this you said you would take the job at 10 dollars an hour. When pay day rolls around they pay you 9 dollars an hour. Why people are not hanging is beyond me to explain.

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