Members of the Fed have started warning that full-blown monetary deflation may be coming. That, not the deficit, could really put the US economy in ruin.
Kevin Hall, Rob Hotakainen, McClatchy Newspapers. August 14, 2007.
Already stung by a two-year rise in gasoline prices, American consumers now face sharply higher prices for foods they can't do without. At the same time, half of the nation's eligible poor aren't getting the food stamps to which they're entitled
Fed up after watching the minimum wage stagnate at poverty level for nearly a decade, a growing number of states are introducing their own pay raises with cost-of-living adjustments. Congress should follow their lead.
