The Socialist Program with Brian Becker cover image

Soaring U.S. Debt & Class Struggle

The Socialist Program with Brian Becker

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Impact of Federal Reserve Interest Rates on Inflation and Borrowing Practices

This chapter examines the complex dynamics between Federal Reserve interest rates and banking practices, revealing how lowered rates may not benefit the public due to banks' discretion in passing on savings. It emphasizes the risks of increased borrowing potentially exacerbating inflation, highlighting the current economic system's inconsistencies and instability.

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