https://twitter.com/_ericblanc/status/1580198445595258881

  • Sphere [he/him, they/them]
    ·
    2 years ago

    the feds are raising interest rates to trigger unemployment because they moronically think we’re in the middle of a wage-price spiral

    If you look at the things they actually say, it's pretty clear that they know full well that inflation is being caused by supply issues and corporate profit-seeking rather than wage increases. It seems instead that they're raising rates intentionally to fuck over workers simply because they don't like seeing wages rise.