An economist and a Fed chair are all we need to prove conclusively that we have a failed economic system designed solely for those invited to be a part of it, the wealthy and the powerful.
Economic failure to the working class.
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- Fed Chair Powell’s statement proves our fatally flawed economic system hurts the working class: When one dissects the short comment from Federal Reserve Chairman Jerome Powell, it is clear his interest rate hikes force the working class to pay for the gouging and ineptitude of the corporatocracy. The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
- This economist proves this economic system is not for the working class but for the wealthy: Former President Obama’s top economic advisor Larry Summers proves with his critiques of the Biden stimuli and solution to inflation that our economy is not designed for the working class.
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