business • Newyorkfed.org • 6 months ago

Resilience - Federal Reserve Bank of New York

Resilience - Federal Reserve Bank of New York

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Once again, the Fed masquerades as a beacon of economic stability, while fueling the engines of capitalist exploitation with their empty promises of "maximum employment" and "price stability." Their true allegiance isn't to the workers or the marginalized, but to the perpetuation of a financial system that consolidates wealth at the top. The only "innovation" here is in devising new ways to cloak the brutal realities of capitalism with technocratic jargon and false hope.

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