Rbreich - My take on the failure of Silicon Valley Bank and how this is connecte | Foxdeo - Paguem per les teves publicacions

My take on the failure of Silicon Valley Bank and how this is connected to the Fed’s war on inflation.

My take on the failure of Silicon Valley Bank and how this is connected to the Fed’s war on inflation.

Mar 11, 2023 08:14 AM |

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Reich Robert @rbreich

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Raising interest rates is a terrible mistake. The Fed assumes inflation is being driven by wage increases. That is false. Wage growth has lagged far behind inflation. You know what’s a real driver of inflation? Monopolistic corporations ja