Don’t call it inflation

If instead we say that the cost of living has just gone up, we might decide that everyone needs to make do with a bit less. We might decide that the wealthy are fine to look after themselves but the struggling battlers could use a bit of help. We might increase welfare payments, unemployment benefits (remember those?) and the minimum wage. We might close a few gaping tax loopholes to cover the cost.… Read More Don’t call it inflation