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Well, doom 3 it seems that you are saying that the effect doom 3 of inflation is the same in both cases. It's just that the cause in the one case, rising wages, is good. So that cancels out the bad effects. Working backwards, that is the third issue. The second issue here is whether inflation is good or bad. As you said, anticipated inflation is not so bad (but only if it's small). And in fact, negative or no inflation has a dampening affect on the economy (why buy now doom 3 if it'll be cheaper tomorrow?) Ideally, a small amount of consistant inflation is preferable. Upthread you presented a fairly rosey view of unanticipated inflation. What you said was true, at the same time you didn't tell the whole story. For instance, although many Americans have debt, many also have savings — particularly those that save for retirement (hopefully everyone). As I mentioned above, just because prices go up doesn't mean your salary will. If it does (and everyone else's does), our (as a country) global competitiveness will fall.
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