The Fed has always been afraid of economic growth. (Maybe it’s because they’re afraid others might catch up with their elite buddies.) They call it “overheating.”
...
I agree. They also have a fear of wage earners making more money.
I’ve read that the strategy to win a debate is to define the terms in your favor. The Fed has redefined excellent economic growth as overheating.
They’re there to protect the interest of the progressive elites. The progressive elites, most of whom are unqualified to ask if you’d like fries with that, are scared to death of anything that allows the wage-earning “peons” to approach their status.
The first generation accumulates, the second generation consolidates, and the third generation dissipates.