Next election, take a good look at what the politicians are doing. They promise people a lot of new, "better" things, and then when they get elected, they print a lot more money to pay for all that. But here is something important: There Ain't No Such Thing As A Free Lunch. TANSTAAFL. They can promise all they want, but they give out a big lie. The person who says it most convincingly gets elected. The Big Lie is that they will give you all you want, and you don't have to pay for it. TANSTAAFL. They can't do that. Instead of raising the taxes, because that would get them thrown out of office, they print more money. The wage/price spiral is caused by that. The workers want more money, so the employers give it to them when they go on strike. Then the employers raise their prices, the workers want more money, and it repeats itself. They can't raise prices a ton, like up to 10,000,000 dollars, because there is not that much money in circulation yet.
Hope that explains things a bit.
Bell
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