Raising interest rates
👎does not stop profit-driven inflation
👎puts people who are already struggling under even more pressure.
It is the 7th time that @ecb hits the wrong target.
#greedflation #inflation #CostOfLivingCrisis #monetarypolicy
🐦🔗: https://n.respublicae.eu/Left_EU/status/1654145177248735235
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The persistence in raising interest rates, despite the proven lack of effectiveness they have had on core inflation, shows that this policy has nothing to do with price control.
It is about shifting more income from labour to the financial system. @joseggusmao
🐦🔗: https://n.respublicae.eu/Left_EU/status/1654145180511903744
