this post was submitted on 18 Oct 2023
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Canada
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The only inflation they're concerned about is wage inflation, this has been proven multiple times and is even the official stance of central banks. Wage inflation cuts into corporate profits, which hurts "the economy". Why do you think the main indicator they watch is the unemployment rate?
They just don't usually say it out loud, and people aren't listening anyways. But the cat is out of the bag now with people spreading the word to the working class. Fucking us over is the goal, not a side effect.
It is also why there is so much attention paid to the stock market as an indicator when it is just rich people gambling that got more people to invest in it for retirement by playing coin clots.
"The economy" never represents the median person, or even the lower 3/4 of the population.