bigboopballs [he/him] to news • 3 years agoFederal Reserve says its goal is ‘to get wages down’external-linkmessage-square82 fedilinkarrow-up1163 cross-posted to: economics@lemmygrad.ml
arrow-up1163external-linkFederal Reserve says its goal is ‘to get wages down’bigboopballs [he/him] to news • 3 years agomessage-square82 Commentsfedilink cross-posted to: economics@lemmygrad.ml
minus-squarefox [comrade/them]hexbear15·3 years agoYeah but also the laissez faire system they've built has only one dial to control it labelled "$1 = $1 + X interest", and its so inherently chaotic that nobody on Earth can predict it. link
minus-squareinvalidusernamelol [he/him]hexbear4·3 years ago1 labor hour pay = 1 labor hour work + 1 surplus labor hour work This is why it's so unpredictable, the current system violates conservation laws link
Yeah but also the laissez faire system they've built has only one dial to control it labelled "$1 = $1 + X interest", and its so inherently chaotic that nobody on Earth can predict it.
1 labor hour pay = 1 labor hour work + 1 surplus labor hour work
This is why it's so unpredictable, the current system violates conservation laws