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It's almost like capitalist economic theory is completely bogus and Marx was completely right :thinkin
The Fed’s solution of raising interest rates is intended to squeeze every day people to make them desperate and more willing to take lower paying jobs. They’re under no delusions of it lowering prices of food or gas
Thought the cause is an overactive economy and the way to lower inflation is to slow the economy but i just heard that on the radio idk
“Overactive economy” == “competitive labor market”
The Fed’s solution of raising interest rates is intended to squeeze every day people to make them desperate and more willing to take lower paying jobs. They’re under no delusions of it lowering prices of food or gas