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J Arcadipane
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Comments by "J Arcadipane" (@jarcadipane2849) on "Inflation Explained by a Monetary Researcher" video.
Don't you recognize that the way in which the gov, treasury and the fed, skew the numbers to make inflation seem better than it really is, ESPECIALLY when it comes to FOOD and ENERGY! Which we all need !!!
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Your suggestions are very skewed. Your assertions are patently wrong... When you're poor, you cannot switch from chicken to turkey and certainly NOT beef. What you are NOT explaining to everyone and what i believe is that you are doing it intentionally, is that the poor and/or very low income utilize "fast food". The government getting involved in capitalism where they are increasing minimum wage supposedly for the benefit of the poor and very low income are actually DO MORE HARM than good. Just look at California and actually most of the country now since the raise in minimum wage is actually do more harm to lower paying jobs and the less educated who do not have high paying jobs..
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PRICES do not go up equally for the poor and for the wealthy. The very rich and wealthy have HARD assets which appreciate along with rising prices.
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YOUR theories are SO WRONG, especially in this COUNTRY. You may be coming from a perspective of ANOTHER country. Poor and very low income people have, quite often, NO assets. Sometimes they do not even have bank accounts...
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Again, you said you are a research economist, as opposed to someone who is involved in monetary economics...
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What happened to freedom of choice ?? By the way, who in their right mind has 2000 pounds of potatoes for personal consumption. ??? YOU are absolutely an elitist who has no conception of what low income urban ites from Chicago, Atlanta, Philadelphia, LA County, NYC, Newark, Detroit. etc. etc. etc... What it boils down to is that the illegal private entity owned by the banks called the Fed Res is screwing around with the US causing poorer people to become even poorer !!!
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