Grey market is crazy

[AK797]

Originally Posted by cascavel

It goes against the nature of central bankers to give money to the working class, they don't even know how. That's why, as soon as there is wage inflation, they want to raise interest rates. Does anyone really think that raising rates will reduce inflation, push down oil prices, copper prices, untangle the supply chain?

Sure but the Central banks were directed by the Governments who wanted to spread the cash injection fairly evenly but ofc it was the usual trickle down nonsense with the cream staying all at the top, they really should have just written cheques to all those on lower incomes but that idea was unheard of back then.