THE WORKING POOR

Raising interest rates stifles demand,

demand stifled,

fewer houses sold,

rents cost more,

transactions cost more,

credit costs more,

people buy less,

lose their jobs,

inflation decreases

with decreased demand,

the economy shrinks,

inflation declines,

a product of tightening

the screws on markets.

As the pandemic slowed,

and demand increased,

the answer was price controls,

excess profits taxes,

on pandemic opportunist

corporations,

like the oil cartels,

but not here,

where stifling demand,

is the answer,

those with the least,

have the least influence

in the corridors of power,

money talks, always,

not those with the least,

the working poor

with their less and less

to stifle inflation with

reduced demand,

those with the least

have less and less, and

social Darwinism works.

3/14/23