The fight against inflation is becoming a class war
Central banks have decided that heads, the rich win — tails, the poor lose. In this reflection on the politics of the current inflation debates, Leah Downey examines the class conflict behind today’s consensus. Here, the doctoral candidate at Harvard argues that “what we have today are independent central banks designed to serve the interests of one sector of society, private finance, using the immense powers of public policy."
From Foreign Policy