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People practice one entry accounting. They pretend every raise they ever got was merited as a real increase, but the nasty financiers and gubmint went and mucked everything up and took half of it back through inflation and what-not. Nobody ever thinks the first part was about as much due to more money sloshing around as to anything they did themselves.

Give me a break. If that were the case, then experienced folks would be paid nearly the same as entry level, as the market would price experience out.

Fact is, the market will set both wage levels. Besides, even if raises are half from increased money supply, the money supply increase not only gives the raise, but takes it away via the dollar being worth less.

Nice try at the sleight of hand, but the fact is, responsible people are forced to pick up the tab for the irresponsible.

The people who think they are so responsible, would be in a soup line without others taking great risks to reorganize the world more rationally. Sometimes the succeed, and sometimes they fail. The clueless ungrateful "responsible" sort pocket their positive externalities and consider them their own doing. And moan and moan the rest of the time. They are clueless fools who have no idea how capitalism works, that's all.

Bingo, and it allows those at the top to suck millions each from bonuses and liquidating positions. Then redeploy the cash while it has much higher value into tangible, necessary commodities, along with the rest of the friendly global investors like ICE, GCC and Russia. The world has bet on our corruption in Washington, no different then the U.N. oil for food scandal, just on a much bigger scale but it’s not the Iraqi people whom the joke is on, it’s the American people.