Fighting Inflation Excuse for Class Warfare

Fighting Inflation Excuse for Class Warfare

By Anis Chowdhury and Jomo Kwame SundaramSYDNEY and KUALA LUMPUR, May 24 2022 (USNewsRank)
A class war is being waged in the name of fighting inflation. All too many central bankers are raising interest rates at the expense of working people’s families, supposedly to check price increases.

Forced to cope with rising credit costs, people are spending less, thus slowing the economy. But it does…

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