Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for workers' wages, according to research by IMF economists.
It all starts to make sense when you realize the job of Fed, IMF, and all central banks is to maintain a high rate of asset inflation while keeping wages down. Presumably you would like to think these bankers have some idea of what they are doing to achieve this. Media plays the dumb face to keep the facade up. I refuse to believe these people are completely ignorant of actual economic principles.
It all starts to make sense when you realize the job of Fed, IMF, and all central banks is to maintain a high rate of asset inflation while keeping wages down. Presumably you would like to think these bankers have some idea of what they are doing to achieve this. Media plays the dumb face to keep the facade up. I refuse to believe these people are completely ignorant of actual economic principles.
They are ignorant of what they are paid to be ignorant of