Not every federal agency has gotten the message, though. Trump's Fed Chairman, Jerome Powell - whom Biden kept on the job - has been hiking interest rates in a bid to reduce our purchasing power by making millions of Americans poorer and/or unemployed. He's doing this to fight inflation, on the theory that inflation is being cause by us being too well-off, and therefore trying to buy more goods than are for sale.
44/
Cory Doctorow /
npub1yxz…5qvv
2024-06-05 23:37:09
in reply to nevent1q…8cut
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