The Fed has it backwards. Wage increases have not caused prices to rise. Price increases have caused real wages to fallYes, supply bottlenecks have caused the costs of some components and materials to rise. But large corporations have been using these rising costs to justify increasing their own prices when there’s no reason for them to do so.
RBReich Absolutely! Fed living twilight of monetarism, which brought useful tools to manage despite ill set FiscPsrams. They’ve done best given inputs. Now infl. or sharply higher ie. 15% Int. Rate (ironic) cures. Slow Int. inc. worst: -more expensive descent: FiscalFix or depression.
RBReich RBReich who is going to reconcile this forecast ? Obvious fact: Fed Rate ⬆️ implies Job Growth ⬇️
Whatever happened to Comirnaty It just appeared for the FDA 'approval' press release, then disappeared just as fast. And the sheeple dont think anything is odd about that. Thats what makes them sheep. MassFormationPsychosis
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