hi is this where i write things to you? i’m new here. also i’m confused because i’ve been scrolling/exploring here for two hours and i feel kinder and alive-er instead of meaner and deader. is this really how it is here? if so i am very grateful. thanks for letting me into your substack party.
Of course advance information on US combat operations is classified. Pretending otherwise is an insult to our troops, who all know this.
The Secretary is unfit to lead.
You made it, you own it
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I’m going to say something that shouldn’t be controversial but will be. If you are a Christian, you can support border control and immigration being legal vs illegal. You CANNOT celebrate deportations and get off on the cruelty, and be a real Christ follower. Period
Pam Bondi said on Fox that the FBI’s arrest of a county judge is “sending a very strong message.” Yes, Pam, and that message is, this country is being ruled by fascist traitors.
You made it, you own it
You always own your intellectual property, mailing list, and subscriber payments. With full editorial control and no gatekeepers, you can do the work you most believe in.
So are we still more upset about Diverse, but qualified, yet presumed unqualified hires, than DUI hires?
(Asking for anyone who cares about US National Security)
Pete Hegseth needs to go for the safety of the United States & the allies that we still have.
You made it, you own it
You always own your intellectual property, mailing list, and subscriber payments. With full editorial control and no gatekeepers, you can do the work you most believe in.
Of course he is not entirely wrong. Wage inflation always follows monetary inflation, as workers try to raise their incomes to compensate. Some workers then indeed succeed in shifting some of the inflation to others by raising their wages. Of course as long as they succeed, total inflation continues. Wage inflation is hence simply a multiplier of the original monetary inflation.
The fact that it is lagging is a hence good sign, as that means that at least we are winding the multiplier down.
What you are describing is the wage price spiral--a theoretical construct where consumer price inflation fuels wage inflation which fuels further consumer price inflation.
While it is true that the first big burst of inflation in the mid 1970s did produce a surge in wage price inflation as measured by Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private, there is no evidence of a positive feedback loop between consumer price…
You are right if you are suggesting that inflation as we have now is multi-facet. Most of it is the chronic money printing due to too low interest rates and special covid stimulus bills. Other large factors are the reduction of American oil and the war and political actions related to it. Also wage inflation as a result of created shortages due to the covid measures. These are winding down and hence so is a part of that wage inflation. So it makes sense that peak is behind us.
But still unions all over the world are now asking for higher wages with the literal argument that inflation forces them. And you and I will do as well, when we have the chance. When cost are rising people are more inclined to have higher wages than princes are stable, especially when jobs are easy to find. Wage inflation doesn't have to be a spiral, or more exact doesn't have to be an increasing or stable spiral. Most of the time it is a winding down spiral. But it is still a multiplier.