Let's bring these bitches all the way down.
this post was submitted on 11 Mar 2025
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We've been staving off a recession with little more than sheer denial for quite some time. The Federal Reserve uses unemployment and the consumer price index to gauge economic health but there is a lot that those two metrics can't account for.
Skyrocketing consumer debt, which has been going on for a while, is a concerning statistic which tends to get downplayed until it turns into defaults. By the time people start defaulting on their mortgages, the train is already speeding away without any brakes.
Unemployment and inflation are just the goals. The Fed uses an entire list of leading, trailing, and coincident indicators and surveys fed through multiple teams of economists to determine the state of the economy.
The news slices it all down to Unemployment rate and inflation because it takes a half hour to begin to explain all the indexes, and each Fed board members take on each one. And people have other shit to talk about on the news.
Until Debt Tear Us Apart relevant economic analysis. collapse has many facets, and the "wealth pump" described by Graeber and the author of this article, is perhaps the most imminent threat. even resource depletion and climate perma-crises are relatively slow moving compared to the velocity at which resources have been gobbled up by the wealthiest 'elites', threatening all of humanity.
we all need to get serious about redistribution of wealth.
society as we know it may come crashing down, but there are mechanisms (taxes is a big one) to slowing down the free fall to a slightly more humane controlled descent.