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Home | Mises Library | Thanks to the Fed, You'll Work More This Year to Keep Last Year's Standard of Living

Thanks to the Fed, You'll Work More This Year to Keep Last Year's Standard of Living

Audio Mises Wire

Tags The FedInflationU.S. History

10/18/2022Ryan McMaken
Narrator: 
Millian Quinteros

This is the "American dream" the Fed has given us: work more jobs and longer hours to keep paying those bills that are now growing at 8 percent per year.

Original Article: "Thanks to the Fed, You'll Work More This Year to Keep Last Year's Standard of Living"

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Author:

Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is executive editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

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Original Article: 
Thanks to the Fed, You'll Work More This Year to Keep Last Year's Standard of Living