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by mywittyname 1557 days ago
It's the reason that the Fed is nominally non-political.

Nobody wants the medicine, even if they need it.

2 comments

This is the first time labor has been making real gains compared to productivity in a long time. I don't think it's surprising that capital would prefer to layoff a few million plebs to remind the rabble where they stand.
Monetary policy is always political.