4 ms·
And in reality shifted labor markets and supply chain was the issue and the FED in 22 raised interest rates to 'regress labor back to their natural position'.
by tsunamifury 8mo ago
And in reality shifted labor markets and supply chain was the issue and the FED in 22 raised interest rates to 'regress labor back to their natural position'.
Never forget: the FED did this more than any republican or democrat and their new stated position is to ensure not the enablement of the population but keeping the labor pool 'in their place.'
This, beyond everything else, changed america the most in recent history.
- triceratops 8mo agoI don't know that higher interest rates are necessarily anti-labor. Low interest rates result in rapid asset inflation and labor usually owns fewer assets.
- tsunamifury 8mo agoNo but the direct statements from the FED itself that it was trying to hurt labor and reduce average household spending was very clear
- triceratops 8mo agoFed, not "FED". It isn't an acronym. The point I was making was labor has something to lose in any interest rate environment.
- tsunamifury 7mo ago[flagged]
- triceratops 7mo agoI think it's relevant. If you don't even know "FED" isn't an acronym the rest of your "points" about interest rates are a bit suspect.
- tsunamifury 7mo ago[flagged]
- triceratops 7mo ago[flagged]