Comments on: American consumers squeezed by surging inflation

Comments on: American consumers squeezed by surging inflation http://blog.t1production.com/american-consumers-squeezed-by-surging-inflation blog.t1production.com Fri, 21 Nov 2008 09:41:59 +0000 http://wordpress.org/?v=2.6.3 By: mike brady http://blog.t1production.com/american-consumers-squeezed-by-surging-inflation#comment-3273 mike brady Thu, 17 Jul 2008 18:16:20 +0000 http://blog.t1production.com/american-consumers-squeezed-by-surging-inflation#comment-3273 It's not inflation if only prices go up -- it's a combination of our money being worth less and our middle class downsizing. Without wage pressure -- the spiral can't happen -- people downsize and have less -- what that leads to, I don't know, but it's ugly. It’s not inflation if only prices go up — it’s a combination of our money being worth less and our middle class downsizing.

Without wage pressure — the spiral can’t happen — people downsize and have less — what that leads to, I don’t know, but it’s ugly.

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