BdL on BE

[Max Sawicky]

. . . In practice, when the relatively
poor start to get more money, the better-off, who have more
power than they do, can be expected simply charge them and
each other more until the wage change is absorbed by inflation.
And this is what we seem to observe.  It seems like a cruel 
joke, in fact, but "only the poor will suffer, and they're
used to it."

Is this statement founded on some heretofore secret
evidence, or were we just feeling frisky today?

mbs