re: Why so much talk of raising minimum wage? Why no discussion on cost of living?

Inflation can be reversed, but the Fed likes inflation because it keeps these bubbles alive and makes it look like the economy is doing great and it makes politicians look good.

Also, inflation is good for debtors. If you owe somebody $10. But inflation kicks in and now that $10 is worth what $5 used to be worth. In essence, the person who lent you money is now getting screwed.

Think about how much money the U.S. owes to the Chinese. That money is now worth less than it was.