Inflation Is A Myth

Capitalism and the capitalist media, even education, teaches us that inflation is a fact of life. That’s not true. This is where you should be asking questions.

Labor cost. One myth we are told is that the cost of labor drives up the cost of goods and services. This raises the question of why workers need pay increases. Of course, the answer is the increasing price of goods and services, often just for basic survival. If prices did not keep increasing, workers would not need increases to their pay.