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[-] Rasm635u@lemmygrad.ml 12 points 1 year ago
[-] knfrmity@lemmygrad.ml 18 points 1 year ago

She's a neoliberal economist (ie someone who lays down academic cover for the empire). She was the Federal Reserve chair under Obama and has been the Treasury Secretary under Biden.

Her earlier career included time at the Fed, during which she wrote a paper clearly stating the purpose of raising interest rates: to further oppress the working class.

[-] Shinhoshi@lemmygrad.ml 11 points 1 year ago* (last edited 1 year ago)

And then proceeded to hike interest rates at astronomical speeds during her tenure

https://www.visualcapitalist.com/interest-rate-hikes-1988-2023/

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this post was submitted on 15 Jul 2024
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