undefined> When government raises interest rates, it is signal to the capitalists to start disciplining workers.
If you don’t believe me, look at what happened during the last WGA strike, which took place from November 2007 to February 2008. What happened during those 3 months?
The Fed Fund Rates dropped from 4.7% in November 2007 to 3% in February 2008, as the country was trending towards the Zero Interest Rate Policy (ZIRP) era in the wake of the great financial crisis. By October 2008, the Fed Rate would drop to near 0%.
you say they raise interest rates to respond to a strike but then immediately talk about them lowering interest rates during a strike
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undefined> When government raises interest rates, it is signal to the capitalists to start disciplining workers.
you say they raise interest rates to respond to a strike but then immediately talk about them lowering interest rates during a strike