Aurelius on Nostr: It’s a win-win for the banking class. 1. Drive interest rates unnaturally low at ...
It’s a win-win for the banking class.
1. Drive interest rates unnaturally low at the expense of savers.
2. Cheap money leads to asset price inflation. The wealthy own most of the assets.
3. Wages follow much slower than asset and commodity growth
4. Life becomes more expensive for people who mainly purchase food, energy, and shelter
5. Higher cost of living and comparatively lower wages lead to a stressed, more controllable workforce. The fearful worker is a dream for the industrialist who employs him
Published at
2023-07-21 15:01:19Event JSON
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