Scott Morrison, most notorious of all Australia's prime ministers for his delusions of grandeur, offered up a sermon on the “politics of retribution” in answer to a parliamentary censure motion. read now...The Federal Reserve has been hellbent on raising interest rates to slow the economy. It’s a huge mistake.
You know who bears most of the pain of these rate hikes?
Most of the pain is borne by people who are already struggling to keep up with rising prices: lower-wage workers and the poor.
While the Fed has signaled that its interest rate increases might not be as drastic moving forward, the important thing to remember is that these hikes already fail to address a major driver of inflation — powerful corporations that are ratcheting up prices to pad their profit margins.
- by Psyche Film
- by P D Magnus
- by Janine M Dutcher & Amber Quinn
- by Jeremy Wyatt & Joseph Ulatowski
An analysis looks at three potential scenarios to end high inflation, with some rockier than others for the economy.
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