everything related to the federal reserve extracts human capital from everyone. so yes there is a cost
much of it paid by the lower middle class
everything related to the federal reserve extracts human capital from everyone. so yes there is a cost
much of it paid by the lower middle class
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The lower middle classes always get butchered during inflationary idiocy.
They actually do better during a deflationary period because their low end labor actually can purchase a certain asset.(real estate)
Can low end labor purchase real estate at current global capitalist pricing in 2023?
Answer: Maybe, put 5-10 of them in one housing unit, all employed & making mortgage & rent payments.