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Updated: May 28, 2025
When a level of high inflation is expected to continue, then companies raise prices to protect their profit margins against prospective increases in wages and other costs, while workers demand higher wages as protection against expected price increases. It's like an escalation in the arms race, and understandably, no one wants to disarm alone.
Rama writes: I can understand Donald's parents' grief over the tragedy of their son's death. In their pain they are understandably inclined to search for events and individuals they can use to explain or rationalize Donald's death.
They threaten communities because property taxes, which more than doubled in the 10 years from 1960 to '70, have become one of the most oppressive and discriminatory of all taxes, hitting most cruelly at the elderly and the retired; and they threaten schools, as hard-pressed voters understandably reject new bond issues at the polls.
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