Inflation caused by wage increases NOT money printing

 :: General :: Theory :: Education

View previous topic View next topic Go down

Inflation caused by wage increases NOT money printing

Post by Admin on Fri Sep 16, 2011 9:45 pm


Hence, why many of us have been asserting that the coming depression in the West will be deflationary in nature.

_________________
De Omnibus Dubitandum

"The slave frees himself when, of all the relations of private property, he abolishes only the relation of slavery and thereby becomes a proletarian; the proletarian can free himself only by abolishing private property in general."
-Friedrich Engels Hammer Sickle

ECRSF Officer
avatar
Admin
_____________________________
_____________________________

Tendency : Revolutionary Syndicalist
Posts : 971
Reputation : 864
Join date : 2011-04-01
Location : La Florida

http://www.wix.com/executivecommittee/home

Back to top Go down

Re: Inflation caused by wage increases NOT money printing

Post by GF on Sat Feb 18, 2012 9:21 pm

Seems legit.

_________________




"There are two novels that can transform a bookish 14-year-kld’s life: The Lord of the Rings and Atlas Shrugged. One is a childish daydream that can lead to an emotionally stunted, socially crippled adulthood in which large chunks of the day are spent inventing ways to make real life more like a fantasy novel. The other is a book about orcs."

"My special juice is gonna help me win." - Honey Boo Boo Child

Commissar of Latrines
avatar
GF
_________________________
_________________________

Tendency : Socialist
Posts : 375
Reputation : 191
Join date : 2011-04-01
Age : 20
Location : FL

Back to top Go down

Re: Inflation caused by wage increases NOT money printing

Post by Rev Scare on Sun Feb 26, 2012 7:59 pm

Well, that is certainly a valid position to adopt on the issue of inflation, but I contend that the effect of monopolistic competition upon prices is most to blame. Just about every industry is dominated by a handful of colossal corporations (usually two or three), and the general trend is toward greater monopolization. The logic of capital accumulation dictates the gradual annexation of larger pools of capital by fewer capitalists; this induces said capitalists to demand surcharges for access to their private hoards of capital, translated into rising prices. This is a theory that is rarely analyzed, albeit tacitly accepted, by most bourgeois economists.

_________________
"Let us finally imagine, for a change, an association of free men, working with the means of production held in common." Hammer Sickle
Karl Marx



RSF Executive Committee Officer
avatar
Rev Scare
________________________
________________________

Tendency : Revolutionary Syndicalist
Posts : 821
Reputation : 911
Join date : 2011-04-02
Age : 28
Location : Utah

http://www.wix.com/executivecommittee/home

Back to top Go down

Re: Inflation caused by wage increases NOT money printing

Post by Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 :: General :: Theory :: Education

 
Permissions in this forum:
You cannot reply to topics in this forum