Everything is going up in price because the Federal Reserve is debasing our currency by expanding the money supply
Heinous, evil phrase
Apparently Michael Hudson says that we won't be able to re-industrialize until we get our cost of living under control, i.e. by cracking down on the parasitic rentier class, the Corporate Oligarchy
We need Hard currency so we can have better price discovery and Deflation
To drive down the cost of living would destroy many companies and liquidate Shareholders