Federal reserve and inflation is essentially like modern sharecropping
Sharecropping was always voluntary, the problem was that people would engage in contracts without being educated enough to know that they will never pay off the contract, essentially unfair and dishonest business practices with unfair contracts. So if the FED can manipulate currency and the value of your salary by printing more money which disproportionately hurts the working class then it is not much different from sharecropping. The current system operates differently… however it has the same overall affect, the majority of working class people are engaging in a system where they cannot possibly win or get ahead by saving money at the same job. Most people did not care about this as long as it affected those without a degree and blue collar workers however people are now starting to realize how much BS it is now that the system is failing those who actually have a college degree and sacrificed years and took out hundreds of thousands in debt.
Also if you look at the Great Depression it was really share cropping not the “free market” I know that is a simple explanation but it’s true and everything you’ve learned about that period of time is a lie so that you don’t understand the actual problem. Why do priests not marry? Has nothing to do with theological reasons they kept dividing the land amongst their sons which kept leading to plagues and land mismanagement. Same thing caused the Great Depression and dust bowl has literally nothing to do with capitalism or the free market haha.
submitted by /u/Praetorianguard8
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