[kome]

This inflation is not created by a lack of supply (not anymore at least), or by an excess of demand... it's an inflation created by excess of profits. and the fed decided to fight it by fighting workers. it makes no sense, really.

[rybosworld]

It's because central banks can't do much more than adjust rates.

This problem needs to be addressed by policy makers in the form of tax increases (primarily on corporations).

Tax increases are unpopular and so they only tend to happen when shit really hits the fan. And policy makers always wait for shit to hit the fan before doing what's necessary.

[rqtwteye]

It makes a lot of sense depending on what side you are. The Fed never was a friend of the working class and unfortunately politics has been paralyzed to a degree that they defer most of economic policy to the Fed.

[ellisv]

> and the fed decided to fight it by fighting workers.

I don't really understand this view (and certainly wouldn't attribute this sort of intent to the Fed). What did the Fed do? What should they have done?