Central banks talk about interest rate hikes in very clinical terms. They call them a painful but necessary medicine. The Federal Reserve Board is currently locked into an aggressive tightening cycle. The American public must now accept a cooling labor market. Families face credit card debt at multi-decade highs and prohibitive mortgage rates. The official narrative says demand must be crushed to restore economic balance.

This clinical framework hides a dark reality. The tools used by the Federal Reserve are not neutral. Modern monetary policy acts as a highly regressive engine. It systematically strips wealth from ordinary wage earners. It hands that wealth directly to the financial sector. It also rewards high-net-worth asset holders. Under the current regime, the rich get richer. Meanwhile, people with the least suffer the most.