With all the crap coming down on the working class, one Wall Street Journal columnist at least has the sensitivity to see that a little inflation might be enough to push many people into poverty. At least that is better than ranting about all of the overpaid greedy workers.
Writing about the build up in inflation: "The real risk is that the U.S. faces a poverty cycle rather than an inflationary one." Evans, Kelly. 2011. "A Standard-of-Living Shock Is the Danger." Wall Street Journal (17 February). http://online.wsj.com/article/SB10001424052748703961104576148760984943294.html?mod=ITP_moneyandinvesting_0 Writing about the build up in inflation: "The real risk is that the U.S. faces a poverty cycle rather than an inflationary one." -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
