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America’s richest restaurateur warns diners should prepare to pay more

One of America's largest restaurant owners says food price inflation and minimum wage hikes will mean a bigger bill at the end of your next meal out.

"We have an inflation problem right now," said Landry's Inc. founder and CEO Tilman Fertitta, the billionaire who owns and operates more than 450 restaurants across 40 unique brands, in an interview at the Milken Global Conference.

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Krugman - the inflation obsession

Who to believe, a businessman or a Nobel prize-winning "economist"?



Here we go. This is what happen's when you mess with supply/demand. No more minimum wage hikes. California itself is hovering in the toilet, about to hit the water.