I think a better term is "stagflation"... prices are going up, productivity has risen... but real buying power continues to plummet due to the shrinking of the dollar's worth. Unfortunately, this result has been expected for a while, ever since Bush brought Reaganomics back with a vengeance in 2001. More unfortunately, the real economists who warned everyone about this problem were ignored when something could have been done to prevent this mess. But just think: at least those "tax cuts" have been very effective in sending yet more money out of the country into foreign investments. (That is why those jobs we were promised in 2001 never materialized.)

Thanks to Reaganomics, we have socialized business losses. The idiots running most of the Fortune 500 need never worry about losing money because of their ineptitude; the taxpayers will make sure they never lose money like their stockholders or employees do. We work twice as hard, pay a much larger portion of our paychecks, and they get golden parachutes.

Aren't "free markets" great?

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Member of the vast Radical Middle conspiracy.