[quote=spdrun]1) Only if there are other willing buyers of gov’t debt at the prices the Fed pays
2) Sure, but there isn’t a prayer of a GOP House raising min wage significantly. At this point, it’s a state matter, practically speaking.[/quote]
We’re actually in the process of running an incredibly interesting minimum wage experiment in this country, as some states and cities are jacking up their wages while others are sticking with the low Fed minimum. In a few years we’ll have some nice data that either shows the higher wages do in fact cause inflation and don’t help the little guy at all, or a higher minimum wage reduces the poverty level.
… (or the truth will lie somewhere in between, which will keep the waters nice and muddy).
