Reply #11: Clever. I might well call your position on this issue "corporatist" or "banker" [View All]

[Pale Blue Dot]

So 2 can play the "poison the well" game.

First of all, I have seen this "increasing demand" argument thrown out all over the internet - but never with any data that shows this to be the case. If you have data that shows a level of increasing demand that would explain the meteoric level of commodity price increases, please share it. What there is, instead, is a wealth of data that clearly shows a correlation between QE2 and the rise in commodity prices.

In addition, as I'm sure you know, commodities are priced in US dollars. When the Fed floods the market with dollars, thereby reducing the value of the dollar, commodity prices rise everywhere.

In terms of wage inflation - you answered your own question. Wages are not rising because workers have no bargaining power and it is not in corporations' interests to raise wages. That inflation is happening, especially in food and fuel, in not under dispute by anyone rational.

Since you called my position "right-wing" (as an attempt, I believe, to stifle discussion), I'll tell you exactly what my positions are:

1. The Federal deficit must be reduced. Increasing debt is unsustainable. We should reduce the debt by raising taxes significantly on the wealthiest 20% and corporations, and by significantly reducing military spending.

2. We must have much stronger banking and corporate regulations.

3. We must increase the power of labor unions.

4. We must change the culture of this country to one that values community above money.

That's my "right-wing" stance.