EU Bank: Policy Efforts Must Be Taken to Stop Wage Growth
Source: (
https://bit.ly/3VxA0vG)
The ideology of these elitist minded control officers is really
remarkable. The president of the European Central Bank, Christine
Lagarde, has given several statements (
https://reut.rs/3jFlapI)
to media saying policy measures must be put into place in order
to stop wage growth from fueling inflation.
Think about this in the most practical of terms. Western politicians
have created massive inflation through their collective 'Build Back
Better' energy policy. The central banks have raised interest rates,
an effort to shrink the economy by lowering energy demand, to offset
the skyrocketing costs of the energy problem the politicians created.
With workers demanding pay raises to help afford the skyrocketing
costs of energy, the central EU bank is now worried that wage
increases will fuel inflation.
There's a truckload of pretending needed to avoid seeing the
insufferable dynamic of reality.
Political policy drives up energy costs. Central banks try to drive
down energy demand. Workers unable to afford the energy prices
created by politicians, are then blamed for the inflation the
political policy creates. Sooner or later ordinary people are going
to figure out this abusive cycle.
