Since its next to impossible to get Obama to understand an investment policy or a foreign policy-- without a crony attached to it-- I'm hoping we'll have a little more luck with Republicans.
Overall impact on the CPI will at best be subdued, especially if wages do not follow. If more money goes for rent and Obamacare, less money will go elsewhere.
The spread of wealth or income inequality dominates the political scene around the world (see Hong Kong or ask Mitt Romney) and Ferguson will be a major part the conversation during the 2016 election.
I generally focus on the profligate habits and abusive tactics of the federal government in Washington, but that doesnt mean other levels of government are well behaved.
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 26th, 2014 | John Ransom