Wall Street Rules
"It is important to understand that [the Fed's] method of restraining inflation does not affect everyone equally. The people who lose their job when the Fed raises interest rates tend to be factory workers, retail clerks, and custodians, not doctors, lawyers, and CEOs. In other words, the Fed controls inflation by forcing the middle class and poor to face higher unemployment and take pay cuts," writes Dean Baker.
https://www.truthout.org/docs_2006/062106O.shtml
https://www.truthout.org/docs_2006/062106O.shtml
rudkla - 21. Jun, 23:03
