Bank of America memo exposes capitalists' plot to crash the economy
The Socialist Program with Brian Becker
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How Well the Job Is the Federal Reserve Is Raising Interest Rates
Raising interest rates makes it more expensive to borrow money. Mass demand for goods and vices will go down. A few businesses will be unable to borrow money at a high interest rate, so they won't expand either. Workers will realize that they are now excess. There are more of them looking for work than there are jobs available. That will allow employers to threaten publicly or privately. They will not be pushing as hard for unions as they have been because theyare afraid. The more fearful we make them, the faster we raise interest rates and slam down the brakes on this economy.
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