The Importance of Price Gouging

She was talking to the governor of the Federal Reserve. She was giving him a hard time, he didn't get a straight answer. By your own figures, you are going to make 2 million people unemployed by pushing up interest rates. You're basically adding to that wealth divide by trying to contain inflation by interest rates. The workers already being screwed, the wage rises well below the rate of inflation. So it's, again, it comes back to the economic models in which the only real source of rising prices is rising wages. And therefore, they think if they can reduce inflationary expectations, then workers will demand lower wage rises and you'll get rid of inflation that way. But they didn