The Fed is currently battling inflation. Of course that is a condition of rising prices _ most notably food. Revolutions are more often caused by a spike in the price of bread than in the cost of a coat.
One of the main indicators this economic elite considers most strongly is “wage inflation.” But not wage inflation of CEOs, bank managers, or corporate board directors. No, the wages they care about are those of waitresses and taxi drivers and retail clerks. The peasantry, in fact.
Of course the Fed wants to keep down the price of a loaf of bread. But its real judges _ who control the jobs of the Fed governors via massive political bribes _must pay for services. How much for a good meal, or a car ride, or a nanny. They want the peasants kept where they used to be.
I know it’s a cynical attitude. But seriously, do we ever hear the Fed claiming that “CEO’s pay is rising over 2% a year, something must be done!”? No, of course not. How could the salary of a king or anyone else in the elite possibly matter in the grand theme of things?
So I take all the babble about wage inflation and shortage of labor with not even a grain of salt. It’s high-toned economic gibberish.
Like much economic doctrine, by for and of the elite.
HuntingtonHarborThoughts 