I don’t think we’re disagreeing. I’m pointing out similarities and was trying to infer in you the interconnectedness of these parts of the economy. The knock on

I don’t think we’re disagreeing. I’m pointing out similarities and was trying to infer in you the interconnectedness of these parts of the economy. The knock on effects of increased interest rates cascade, just like the effects of increasing minimum wage, which necessarily demand an increase of the poverty line. To put this all together with a bow: Interest rates increase Cost of living increases Wages increase Minimum wage increases Poverty line increases Off of each line above are costs dependent on them that will react higher, with risk and premium margin, to account for them. The fed is trying to get ahead of an inflationary spiral by causing just enough pain in markets to arrest price increases long enough to establish a semblance of price stability at which point they should hold to cement stability before gradually easing rates, if nothing else necessitates holds or hikes. excess profit taxes would’ve been a far less damaging tool to arrest inflation but American politicians are so thoroughly captured by the capital class that this was not even considered. Shame on Congress for this. It is important to note that EPT would not stop inflation, but would stop price gouging in its tracks so Congress could use fiscal policy to address pockets of inflation. Classic example of using the wrong tool. Once again the most vulnerable are suffering to prevent even a plateauing of profit to the capital class. I also think it’s important to note that I’m arguing against my class interests in saying all this. I benefit greatly from policies like these and will continue to both profit off of these policies while advocating for their sunset.