Nah that is horseshit. The govt. (through the FED and its FOMC's) is also supposed to be increasing wages over time to compensate for inflation.but our financial system is set up to devalue our currency to devalue debt and encourage spending.
That the govt. has broadly pursued anti-inflation policies (which largely benefit the rich) since the 1980's at the expense of allowing wages to stagnate while inflation increases (thus making everyone who works for a living poorer) is due to intense lobbying actions by banks/the rich/Wall St. over time. If you look at prior decades of high inflation where wages went up in line with the inflation the economy functioned just fine, debt didn't sky rocket, and the world didn't end either.
You don't get to laugh at anybody given how wrong you've been about pretty much everything in thread + your failure to own up to your dishonest goal post shifting ways. I could've failed to graduate from Montessori school and I'd have more credibility on these subjects than you given your posting at this point in thread.Oh god, laughing too hard. No, no he didn't.