Re:Do High Interest Rates Fix High Inflation?
by issore on Tuesday June 13, 2023 @11:05PM
(#36320913)
Right because once the public has real economic power the rich do not so they juice their prices, and meddle in other ways to deflate the buying power; aka inflate prices.
$200k in the 80s would be $600k buying power now. But itβs barely middle class.
Our society is entirely a wealth preservation scheme for people who cannot prove they did the work, they just have political documents of power.
$200k in the 80s would be $600k buying power now. But itβs barely middle class.
Our society is entirely a wealth preservation scheme for people who cannot prove they did the work, they just have political documents of power.