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A comment on US Federal Reserve says its goal is 'to get wages down' (2022). Parent comment

Re:US Federal Reserve says its goal is 'to get wages down' (... by beaeglebeached on Tuesday February 13, 2024 @10:51PM (#39366239)
Sure. First pin interest at zero ensuring the richest can get priority access to nearly free borrowing. Then let housing prices explode and then ratchet them down with 30 year loans with negative real interest that owners will never give up

Once the housing is blown away, reverse the policies until wages depress and you're left with serfs.

It's the worst nightmare of free market gone wrong at the behest of a doubling down government. They've absolutely fucked us; we would have been better off left alone.

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Re:US Federal Reserve says its goal is 'to get wages down' (... by xtiansimon on Wednesday February 14, 2024 @08:15AM (#39369417)
“… nightmare of free market…government. […] …we would have been better off left alone.”

Not a function of good government. _It’s just business_.

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Re:US Federal Reserve says its goal is 'to get wages down' (... by me_me_me on Wednesday February 14, 2024 @09:48AM (#39370354)
its easier to siphon money from middle class instead of creating something by investing money

Except we are at the stage where middle class has no more money to be stole from by the rich. And with middle class living paycheck to paycheck they will soon find out the road is heading towards a cliff for everyone.

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