If the rich and powerful are winning a "class war" it's because they actually bother to try to understand complicated issues like monetary policy, or at least c

If the rich and powerful are winning a "class war" it's because they actually bother to try to understand complicated issues like monetary policy, or at least can hire people that do. Meanwhile, they can spread populist disinformation campaigns that their base is completely oblivious of. The premise that central bankers who work modest public sector wages are obsessed with suppressing workers to serve their former classmates who got ultrarich doing similar work in the private sector is absurd and lacks a single thread of corroborating empirical evidence. 15 years of cheap money didn't spark a mass uplifting of the proletariat, and it won't anytime in the future either. Indeed, by the time Federal Reserve raised interest rates, inflation was already outpacing wage growth. The only people who want to keep low interest rates are stakeholders of failing institutions like SVB and far leftist politicians who want to ensure that they don't get the blame for the upcoming recession.