Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
And when you index the smig, provide enough subsidized, wage-indexed rental housing and run your economy to be honestly at full employment (ie, jobs for all who want them) this can continue to be true.

Plus, inflation hits the poor different than the rich based on the basket of goods they tend to buy. US statistics detail that basket of goods per income cohort and, when cross referenced against CPI data, it emerges, for instance, that inflation is higher in the US for the poor and what the poor tend to purchase, and inflation is lowest for the wealthiest and what they tend to buy.

The fed reserve, of course, does not worry about this.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Fri May 11th, 2007 at 03:20:12 PM EST
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