{"id":180560,"date":"2017-03-15T21:58:00","date_gmt":"2017-03-16T02:58:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/03\/15\/quote-of-the-day-71\/"},"modified":"2017-03-15T21:58:00","modified_gmt":"2017-03-16T02:58:00","slug":"quote-of-the-day-71","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/03\/15\/quote-of-the-day-71\/","title":{"rendered":"Quote of the Day"},"content":{"rendered":"<blockquote><p><span style=\"color: blue;\">The issue isn&#8217;t that one small rate hike will destroy the economy, it&#8217;s that rate hikes like this are the Fed&#8217;s way of signalling that they will never let wages go up again.<\/span><\/p>\n<blockquote><p><span style=\"color: blue;\">\u2014<a href=\"http:\/\/www.eschatonblog.com\/2017\/03\/no-prosperity-for-you.html\">Duncan &#8220;Atrios&#8221; Black<\/a> on the Federal Reserve&#8217;s 250 basis point (\u00bc%) rate hike.<\/span><\/p><\/blockquote>\n<\/blockquote>\n<p>He is absolutely correct.<\/p>\n<p>It is the official policy of the Fed, and much of the US government, to suppress wages of working people.<\/p>\n<p>Either inflation or deficit concerns are the excuse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The issue isn&#8217;t that one small rate hike will destroy the economy, it&#8217;s that rate hikes like this are the Fed&#8217;s way of signalling that they will never let wages go up again. \u2014Duncan &#8220;Atrios&#8221; Black on the Federal Reserve&#8217;s 250 basis point (\u00bc%) rate hike. He is absolutely correct. It is the official policy &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[456,464,597,437],"class_list":["post-180560","post","type-post","status-publish","format-standard","hentry","tag-finance","tag-good-writing","tag-inequality","tag-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180560"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=180560"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180560\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=180560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=180560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=180560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}