, 6 tweets, 4 min read Read on Twitter
Sorry @Neil_Irwin, but implying the economy is SOOO complex no one could've know there was more slack in the labor market and tighter labor markets would result in higher wages is wrong.

The Fed Up Campaign knew. Workers knew.

We were just ignored.

The core issue is that the @federalreserve moves into uncertainty itching to snatch away jobs and wages from the poorest people of color if they could convince each other they could smell inflation, even if they didn't have data to support them.

THAT deserves blame.
The @federalreserve didn't need evidence or data to harm millions of low-income people of color. And no matter how much evidence Fed Up brought forward (with @EconomicPolicy, @ceprdc, and others) it wasn't enough to stop liftoff.

We can't rewrite history. This wasn't a puzzle.
Rewind: community groups like ACORN and @NewEconomyNYC met with officials repeatedly to warn of the housing crisis they were seeing on the ground that would explode into the 2008 crash.

Again, it was a suprise because the @federalreserve ignored working people of color.
One person who saw the mistake the @federalreserve could make years before it happened was @AdyBarkan who started Fed Up and pulled together economists, labor unions, and community organizations to fight for the Fed to stay out of the way.

In 2014.

So credit where credit is due and blame where blame is due, @Neil_Irwin. Because the people who were wrong about inflation are going to be telling us what to do when the next crash comes.

Listen to workers instead. We were the ones who were right.

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