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How can you be confident we will get there? Central Banks can easily knock interest rates down a few points and take away all gains in labor wages (plus more).
by onlyrealcuzzo 5y ago
How can you be confident we will get there?
Central Banks can easily knock interest rates down a few points and take away all gains in labor wages (plus more).
Why would Central Bankers (who answers to no one) stop giving themselves (and other asset owners) more and more pie when it's so easy to take it?
What's the incentive to stop? The West is on a 20-year trend to lower interest rates. Japan's on a 30-year trend.
Have you stopped to consider how hard it is to maintain a life a leisure in a low-growth environment without slave labor? /s