Do you not understand the difference between growth and rate of growth?
Did the USA and/or Australia have a recession during the GFC? Which country has a significantly higher hourly minimum rate?
Obviously not 
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That does not answer my question. Well, unless the answer is no, that is.
GDP PPP
Australia 42,000 ranked 10th
US 51,700 ranked 5th
Don’t think it can’t happen to the US:
List of countries which experienced hyperinflation
Angola 1991-1995
Argentina 1975-1991
Austria 1921-1922
Belarus 1994-2002
Bolivia 1984-1986
Bosnia-Herzegovina 1992-1993
Brazil 1986-1994
Bulgaria 1996
Chile 1971-1973
China 1948-1949
Free City of Danzig 1922-1923
Georgia 1993-1995
Germany 1922-1923
Greece 1942-1944
Hungary 1945-1946
Israel 1970-1971 Japan 1948-1951
Krajina 1992-1993
Madagascar 2004-2005
Mozambique 1977-1992
Nicaragua 1987-1990
Peru 1988-1990
Philippines 1942-1944
Poland 1989-1991
Romania 1998-2005
Russia 1921-1922 and 1992-1999
Turkey 1990-1995
Ukraine 1993-1995
United States 1861-1865
Yugoslavia 1989-1994
Zaire 1989-1996
Zimbabwe 2004-2009
Venezuela Present
Our entire GDP could not fund the interest on the debt. Every second the US governemnt goes an additional 500 Million dollars in debt.
I well remember Reagan & that era. I know how the press treated him, almost every single thing they said about Trump they said about Reagan, including wanting to put him in jail.
They Hated his guts, & treated Carter like he was just great, like they are with Biden right now, including ignoring Carter & Biden’s complete incompetency & economic stupidity. They will follow Biden strait into total meltdown all the while talking about how intellectual & wonderful he is, how wonderful his policies, & how wonderful his far leftist insanity is, even after it becomes obvious it’s hurting us all.
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NOW it seems the democrats are going for broke, that is, national bankruptcy!
ANOTHER 6 TRILLION PRINTED?
Better become a prepper, you are going to NEED it…
Doesn’t really have an answer…
Huh, looks like the Democrats are giving us a trashed economy…
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What is the relevance of the 91% white population in this conversation?
A higher minimum wage would be stimulative to the economy as love wage workers save virtually nothing. All those wages would be poured back into our economy.
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A point intentionally missed/ignored by conservatives. They like to say tax cuts to the very richest and corporations will boost the economy and create more jobs.
Is there any evidence that’s true?
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No it is not true.
What is true, it is possible to have a period (20+ years) of extended economic growth with a higher minimum hourly rate.
What does that have to do with the democrats printing trillions till we get hyperinflation?
Then sucked out due to across the economy higher prices. It will only hurt the very people it proposes to help. If you get a raise then have to pay out more it gets cancelled out. Go for it!
In your small population…maybe. It won’t work like that here. Have you ever been here?
Spinach…is that you?
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Karl, is that you?
