Post by the Scribe on Jul 30, 2022 2:21:37 GMT
The Inflation Cover Up | Robert Reich
52,543 views Jul 26, 2022 Raising interest rates is a terrible mistake.
The Fed assumes inflation is being driven by wage increases.
That is false. Wage growth has lagged far behind inflation.
You know what’s a real driver of inflation? Monopolistic corporations jacking up prices to maximize profits.
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