Quote:
Originally Posted by Homeslice
I haven't seen any "hyper" inflation. Some things, sure, like groceries and utilities, but not everything. Certainly not electronics. And nobody I know who has recently purchased a bike paid any more than people were paying 5-6 years ago. And how about one of the biggest expenses of all, interest on home and car loans? They've been at record lows for years.
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Most of those prices have increased because of increases in energy prices. It takes a lot more than a minimum wage hike in one city to cause inflation.