Federal Reserve Chair: Ordinary People Will Need to Suffer to Combat Inflation
Each year, there is a tradition within the United States’ capitalist system where dozens of central bankers, economists, and policymakers meet in Jackson Hole, Wyoming for an economic summit. At this meeting, these individuals discuss the state of the capitalist economy and different strategies to optimize its functioning in the interests of the ruling class. […]
The New Federal Reserve as Garbage Can for All Capitalist Debt
Yesterday, the Federal Reserve announced it will provide unlimited credit–and assume the bad debts, not just of banks, but for what it called ‘Main St.’ But by ‘Main St.’ it doesn’t mean consumers or households