Michael F Schundler
2 min readSep 1, 2022

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There was so much wrong, there was no place to start... just one example...

"Corporations raising prices is the sole source of all price inflation."

So, workers wanting to increase their wages (the price of their labor) has no impact on inflation?

You don't consider some California cities considering a $25 minimum wage as inflationary (regardless of the "fairness" of such a rate)?

What economic theory supports that argument, hence my comment.

Likewise, you don't think consumers contribute to inflation when they "compete" for limited resources by offering to pay more for something in short supply? Or that government as the ultimate "consumer" with unlimited resources based on its ability to "outbid" the rest of us by printing more money is not driving inflation.

I would have written a long response, but there simply was not good place to start given how flawed the whole logic was. The most fundamental concept you missed is that inflation as expressed in pricing is a way to allocate limited resources efficiently. Again, a basic economic concept.

Absent prices allocating resources efficiently, government decides who gets what using some other form of rationing. Again, basic economic theory.

I do agree with you, that when government undertakes intentional inflation rather than incidental inflation, that is a virtual crime against the poor. I think your post would have been better focused on that, rather than some of the other things you addressed.

The other reality is that the "rich" simply are not the "piggy bank" taxpayers are told they are... and claiming the rich will pay for government handouts is a big lie and does end with the government printing money.

With these two realities, citizens should be wary of a government that promises to "give stuff" they don't have away... there is no free lunch... so if the government is giving something away, it means someone else is not able to "buy" it... and that person is usually the poor person with limited resources.

So, the second part of your narrative should have focused on the reality that the government is a "consumer" like all of us... but unlike all of us, it can print money... how do we as consumers compete with that?

Regarding my mother... she is dead.

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