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@angelman31

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Marxist criticism of the Federal Reserve's dual mandate often focuses on the inherent contradictions and systemic issues within a capitalist economy that, from a Marxist perspective, make achieving these objectives difficult or impossible. Here are some key points of Marxist critique: 1. **Inherent Instability of Capitalism:** - Marxists argue that capitalism is inherently unstable due to its cyclical nature. Economic crises, such as recessions and depressions, are seen as inevitable results of capitalist production. Therefore, achieving long-term maximum employment and price stability is viewed as fundamentally unattainable within a capitalist framework. 2. **Contradictions in Capital Accumulation:** - The drive for profit maximization leads to overproduction and underconsumption. Capitalists continually seek to reduce labor costs (often resulting in unemployment) while simultaneously requiring consumers to buy products. This contradiction makes it difficult to maintain both high employment and stable p…
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