this post was submitted on 31 May 2025
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[–] toastmeister@lemmy.ca 3 points 2 months ago* (last edited 2 months ago)

Because the CPI is fake, we buy 50% of mortgage bonds in order to depress mortgage interest inflation, and the index is actively manipulated. If you wanted to match real inflation with a minimum wage you'd need either no monetary inflation, or a non-political CPI index that cant be manipulated.