Boolshit. I didn't notice this in the piece. Inflation is associated with employment and wage growth. At most points in post-war U.S. history, some such growth was possible. Slack was the rule rather than the exception. Tyson gives the impression that wage-fed inflation has been an ever-present threat.
The threat to workers is the Fed and its elite apologists, not inflation.
It is true that an increase in interest rates reduces the value of bonds. I.E., whatever rate of return you got yesterday, you could do better today, so yesterday's bond has to fall in price to match that of today's. The stock part is hinky; I'll leave that to Henwood.
------------- I noticed this when I read it on paper at lunch and forgot mention it. She says higher interest rates mean lower prices for sticks and bonds. I thought the price of bonds went up when interest rates went up. Am I missing a 'not' operator in my thinking somewhere?
Joseph Noonan jfn1 at msc.com