4 ms·
I 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.
by triceratops 8mo ago
I 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 8mo ago[flagged]
- triceratops 8mo 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 8mo ago[flagged]
- triceratops 8mo ago[flagged]