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Powerful Lords committee damns Bank of England over inflation forecasts (www.theguardian.com)

submitted 11 months ago by [email protected] to c/[email protected]

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Report says lack of ‘intellectual diversity’ at senior level and too wide a range of priorities led to errors and fall in public confidence

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[–] [email protected] 5 points 11 months ago

For them, keeping inflation under control is merely dogwhistle for keeping the working class in line and under their thumbs. The main way this happens is a recession causes fiat to lose power while the power of capital assets increase an equal amount.

Common people are barred from increasing their collective power.

Powell and the federal reserve are the main villains in this terrible economy.