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by MountainHoliday
1148 days ago
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Central banks were designed to suppress wages. This is where we get the 0 to 3% target. It will erode wages and the thinking was not lead to layoffs and unemployment. When the elites meddle with the economy and peoples lives it's a good thing edit:
There is a source for this, and quote by Janet Yellen, in a New York Times article discussing the modern theory on central bank governance if I can be bothered to find it |
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