Dan Froomkin/presswatchers.orgWage growth is worrying. Obscene corporate profits are just interesting.
Stargeezer Smith@froomkin
Moderate inflation is a feature, not a flaw in a growing economy.
Except in the U. S., where it is primarily a political weapon.
Matt@stargazersmith @froomkin 6% is moderate?
What's your inflation target? Mine would be 2-3%
@mattcrwi @froomkin
6 % is a bit high, our dilemma is it's a largely a global phenomenon, and the Fed trying to control it with interest rates is counter productive.
Globally it's a manufacturing and supply line issue, we can partially solve. Domestically it's a profiteering phenomenon, big business over charging and producing windfall profits. That, unfortunately, is something that needs Congressional action. Good luck with that.