Thursday, March 16, 2017
Atrios Makes The Point That The Fed Protects Only A Select Few
Yes, it should be obvious, given the last 50 years of American history, with wages going down, wealth being transferred upwards to the ultra-rich, and the social welfare system becoming totally focused on that insanely rich cohort, but that doesn't mean it shouldn't be repeated over and over: The Federal Reserve acts against the interest of almost every American citizen. The Fed protects the wealth and privilege of a very few Americans against the economic interests and well-being of nearly every American. That's not a formula for prosperity, y'all.