
Is the economy on the brink? March 31, 2023
Motley Fool Money
00:00
How to Reduce Inflationary Pressures
Any increase to take home pay today across the economy must add to inflationary pressures by definition relative to where they would be if we didn't do it. My point is simply making people whole is a very worthwhile course of action except that to do it today would add 7% to those people's take home pay, which would almost by definition mean they're going to spend 2, 3, 4, 5, 6, 7% more than they would have if they hadn't got that money. I'm not saying people shouldn't get paid more or any more or 7% more at all. I just, I don't think, now we go, you should get the money and I don
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