Economist Michael Hudson explains the inflation crisis and the US Federal Reserve's "austerity program to reduce wages." So-called experts are openly calling...

;tldr (;tldw) is the fed plans an austere plan to squeeze labor; cut wages raise unemployment and debt, anything to keep neoliberal policy afloat

Related article; https://michael-hudson.com/2022/06/the-feds-austerity-program-to-reduce-wages/