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The quiet part would be "We need to put a few million people out of work to cool things off."
by mullingitover 5y ago
The quiet part would be "We need to put a few million people out of work to cool things off."
- mywittyname 5y agoIt's the reason that the Fed is nominally non-political. Nobody wants the medicine, even if they need it.
- goodluckchuck 5y agoMonetary policy is always political.
- xenadu02 5y agoThis is the first time labor has been making real gains compared to productivity in a long time. I don't think it's surprising that capital would prefer to layoff a few million plebs to remind the rabble where they stand.