| Fayceless said: http://en.wikipedia.org/wiki/Quantitative_easing
In modern economic theory, mild inflation is considered "healthy" for an economy - we actively make sure it doesn't fall below a certain point. Around the 50s-70s inflation was conidered irrelevant to economic health, and it was allowed to increase unchecked. Maybe in a decade or two people will come up with some new theory. But at the moment, our government wants inflation and is printing money to make sure it continues at the rate they want it to continue. So unless we can fix minimum wage permanently by tying it to cost of living, we will continue to have this debate because it needs to be increased in order to keep up with inflation, but every time we do some people are going to be 100% opposed to any increase. People living on or near minimum wage are the most succeptible to the inflation that our government insists on maintaining. We have to raise minimum wage and create laws that continue to adjust the wage - without this debate that just hurts those already hurting the most. |
You said "people supporting policies that intentionally create inflation".
I understand what QE is. Most people, if they knew what it was, would not support it. Politicians, their cronies, and state-funded academics support inflation, people don't.
QE distorts the market, as does minimum wage legislation. If you want to have a debate about something, debate fixing the problem at its route cause with QE, don't debate advocating for more market distortion.
Market distortion is a sugar rush, a heroin injection, it feels great at first, and it seems like it's working, with time it'll rot the very core of the economy and the only way to keep feeling normal is to distort the market by larger and larger degrees, killing off more and more of the core, until it all just packs right in.
