One thought on “Panhandle Slim… Art for Folk…

  1. Inflation.
    The Federal Reserve has two mandates: maximize employment by keeping unemployment at 4.5% or less, and keep prices stable by holding inflation at about 2% per year.
    Using the rule of 72, shows that if inflation rises at a rate 2% per year it will take workers 36 years to double their wages.
    That is unacceptable.
    An inflation rate of between 4% and 5% per year would indicate that workers wages are increasing and are not stagnating as they have been since Ronald Reagan.

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