Ok, so inflation’s too high and then interest rates go up to curb spending, and now spending slows and the economists are complaining we are not spending enough. I believe the translation is: the rich people wanted to keep wages low because more profit, but also please keep buying stuff from us because more profit. Is that it?
Ok, so inflation’s too high and then interest rates go up to curb spending, and now spending slows and the economists are complaining we are not spending enough. I believe the translation is: the rich people wanted to keep wages low because more profit, but also please keep buying stuff from us because more profit. Is that it?