News for hackers. Stuff that matters.
Re:Reasons the banking crisis isn’t a repeat of 2008 by hellothere1337 on Saturday March 25, 2023 @06:47AM (#35301370)
A good strategy to not get to a "crisis" would be to keep increasing interest rates in order to squeeze the middle class and at the same time print trillions to provide liquidity to the big players like banks. In this way not only will you push wages down through constant layoffs, remove all the advantages that employees had for negotiation during the coronoa boom. But you also squeeze the middle class with huge inflation thus eroding all their savings and hope.

There are no comments on this comment yet.