I'm not sure what your statement is intending. Are you saying people who work at the Fed aren't beholden to corporate interests just because there aren't shareholders?

The same fed that has the keys to the money printing machine, bank lending programs, and powers for short term low interest loans used to "stabilize market conditions", not to even mention the revolving door of regulators moving to private positions after their time deeply embedded in our financial institutions?

[+] zeze@lemm.ee 29 points 2 years ago (1 children)

[deleted]

[–] OneOrTheOtherDontAskMe@lemmy.world 1 points 2 years ago (2 children)

Your comment seemed like a non-sequitur, but mostly because the title didn't seem to be literal to me and more of a statement on corruption. Normally, when people make what I believe to be non-sequiturs, it's because there's an additional point they're trying to make that would make that non-sequitur click into place.

I appreciate the clarity.

[–] AeonFelis@lemmy.world 6 points 2 years ago

the title didn’t seem to be literal to me and more of a statement on corruption

That only makes it worse. "I only lied about bad thing X being Y because I want to attach bad connotations to Y".

[–] reverendsteveii@lemm.ee 24 points 2 years ago (1 children)

One of my favorite things on this earth is capitalists admitting that if wages ever rise such that workers can afford a decent life, the price of a decent life will just rise to exclude them in the same breath they use to talk about how capitalism lifts people out of poverty.

[–] Zuberi@lemmy.dbzer0.com 9 points 2 years ago

Artificial scarcity in a post-scarcity society is wonderful isn't it :')..

[–] Chives@lemmy.whynotdrs.org 12 points 2 years ago

Nice to see so much crossover interest from other instances on this one. Love the federation!

[–] dangblingus@lemmy.dbzer0.com 8 points 2 years ago (1 children)

Specifically, the economy is a Ponzi Scheme!

[–] RizzRustbolt@lemmy.world 4 points 2 years ago

Pyramid scheme.

[–] RizzRustbolt@lemmy.world 8 points 2 years ago

Well... they're partially correct. If we cut "wages" at the top, then prices will go down because they're no longer being pulled up.

[–] Jaysyn@kbin.social 3 points 2 years ago

I don't remember the Fed saying anything like that a year & a half ago.

[–] dangblingus@lemmy.dbzer0.com -5 points 2 years ago (1 children)

I mean.... it's isn't those things. It's literally a government agency. It can't "make profit", it literally is the banking system, not a bank itself.

[–] Chives@lemmy.whynotdrs.org 10 points 2 years ago

It is literally not a government agency. It operates under a mandate from congress, but is not a government agency.