#inflation

Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation. ↗

— Russ Carnahan

#congress #inflation #level #lowest #minimum

They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up. ↗

— Franklin Raines

#based #believes #coming #expectations #flooded

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it. ↗

— William E. Simon

#american people #believe #causes #continue #everything

I forgot my purse of laughter when I dressed this mornin'," she told me. "Have you not bought anythin' the last few days? Prices have gone up. Pay or starve, it's all one to me. ↗

— Tamora Pierce

#humorous-comebacks #inflation #sarcasm #seller #humor

Foreign trade clearly has been a reason why inflation has been low. ↗

— Tim Bishop

#clearly #foreign #foreign trade #inflation #low

However, this President sees no problem eliminating funding for Perkins Loans in his budget, even though the cost of tuition is rising and will continue to rise as the administration's policies force inflation. ↗

— Tim Bishop

#budget #continue #cost #eliminating #even

Inflation outstripped real wages for people who work for pay from others. ↗

— Tim Bishop

#others #outstripped #pay #people #real

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation. ↗

— James Buchan

#adjusted #age #average #barrel #century

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today. ↗

— Martin Feldstein

#argued #cost #economists #high #inconvenience

We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation. ↗

— Martin Feldstein

#down #gain #inflation #large #necessary