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Jaguar Inflation -- A Layman's Explanation of Government Intervention
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2014 Dec 25, 9:41pm 21,149 views 65 comments
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tatupu70
2015 Jan 5, 2:32pm
tatupu70
2015 Jan 5, 2:32pm
You're asking for the few companies that make huge profits, like Apple, to hire factory workers in the US with wages above market just because they can?
I'm not asking for anything--I'm simply pointing out that it is NOT the competitive marketplace that is forcing companies to do this. It is because owners want to maximize their profits at the expense of the workers.
I'm also not saying it's the companies responsibility to raise wages--just that it's NOT because they have to--it's because they want to.
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EWI Editorial
I am tired of hearing people insist that the Fed can expand credit all it wants. Sometimes an analogy clarifies a subject, so let’s try one.
It may sound crazy, but suppose the government were to decide that the health of the nation depends upon producing Jaguar automobiles and providing them to as many people as possible. To facilitate that goal, it begins operating Jaguar plants all over the country, subsidizing production with tax money. To everyone’s delight, it offers these luxury cars for sale at 50 percent off the old price. People flock to the showrooms and buy. Later, sales slow down, so the government cuts the price in half again. More people rush in and buy…
http://www.globaldeflationnews.com/jaguar-inflation-a-laymans-explanation-of-government-intervention/