[gryBrd1987]

Yup.

Powell has been saying for months he wants people to save and pull cash out of the economy.

This is intentional because DC decided tech workers were undermining Washingtons of course most correct and immutable control over agency.

Why if all these people kept earning and could acquire more assets and live comfortable, politicians and uber rich would have no place in our society.

The fundamentals must be maintained. Fundamentals being we serve their goals, not the other way around.

[vkou]

Somehow, I doubt that Marxism-Leninism and a destruction of social class in America is going to be achieved on the backs of... Comfortable, gruntled white collar employees making 200k-500k/year from selling ads.

[gryBrd1987]

Mostly I was agreeing with the analogy of a run on a bank. Fed pulled out of funding the economy as it was. Less money for them to spend on coffees, Ubers, etc.; less to “trickle down” given the uncertainty of grandpa Powell’s intention to bring pain to households (except his own of course; he’s got enough to be insulated from his actions).

If you want to go on a specific tangent involving dead men’s philosophy, be my guest. I was merely attempting to illustrate how apt the bank run analogy is.