Keith Evans
1 min readFeb 25, 2024

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Insecurity for the working class is the basis of capitalism. If the working class feels secure it won't accept the measly return on its productivity and will demand more of it, cutting into profits for the ruling/donor class. This is the conflict that Marx showed us and is central to his teaching.

Stock markets and bond yields are the currency of capital, not to be confused with the dollars in the wallets and bank accounts of the workers. Even the Fed approach to fixing a transitory inflation problem relies on limiting opportunity for the working class as it guarantees the continued gain of the investment class by raising bond yields. How can the working class not feel that such obvious manipulation is not "rigged"?

Sadly, the victims of this rigging often turn against the one entity that "could" offer some relief, the monopoly issuer of the fiat currency, the US government. They have bought into the grand lie that their government's finance functions by the same rules as their own relationship with money as "users" of the government's currency.

This grand lie that touts "balanced budgets" as a holy grail for government and politicians is critical to maintaining the insecurity of the working class. Any benefit possible in relieving that insecurity with additional federal funding can easily be discounted by simply asking "How will you pay for it?", dragging the discussion back into the household finance false logic that thrives in austerity.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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