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> Shouldn't the folks who believe in markets as a force for good want wages to be set by markets? They do, but what's that have to do with the Fed? The Federa
by bm3719 4y ago
> Shouldn't the folks who believe in markets as a force for good want wages to be set by markets?
They do, but what's that have to do with the Fed? The Federal Reserve is arguably one of the largest central planner entities in existence in the US (which as a mixed economy, not a free market one, has many).
- socialismisok 4y agoIt's an indirect impact of Fed policy. Low rates means low unemployment means higher wages. The reverse is true too, raise rates, wages go down.