The fight over the Federal Reserve's dual mandate is not just dry central Bank's's politics.
Since 1977, the Fed has had to care about both stable prices and maximum employment. Now there is a push to make price stability the only real priority.
That sounds neat on paper. In practice, it could mean workers carry more of the pain when inflation rises. Higher rates, tighter credit, weaker hiring, and more pressure on people already stretched thin.
Inflation matters. Of course it does. But when institutions are allowed to protect money while treating jobs as collateral damage, we should pay attention.
Who should the economy be designed to protect first: the value of the dollar, or the people forced to live inside it?
Source:
https://www.youtube.com/watch?v=I31Km0cGlS4
#FederalReserve #Economy #Jobs #Inflation #WorkersRights #SelfSovereignty #FinancialFreedom #Decentralisation
Since 1977, the Fed has had to care about both stable prices and maximum employment. Now there is a push to make price stability the only real priority.
That sounds neat on paper. In practice, it could mean workers carry more of the pain when inflation rises. Higher rates, tighter credit, weaker hiring, and more pressure on people already stretched thin.
Inflation matters. Of course it does. But when institutions are allowed to protect money while treating jobs as collateral damage, we should pay attention.
Who should the economy be designed to protect first: the value of the dollar, or the people forced to live inside it?
Source:
https://www.youtube.com/watch?v=I31Km0cGlS4
#FederalReserve #Economy #Jobs #Inflation #WorkersRights #SelfSovereignty #FinancialFreedom #Decentralisation