What Is Inflation and Why Does It Happen?

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Tim barker is a historian of modern capitalism and an editor for dessent and phenomenal world. He says that inflation can be explained by looking at the political relationships between oil producing countries, many of which are multe headquartered in North America. Inflation would be more r like, you see, the pricis of a asortof general basket of goods, rena ranging from the gas you put in your car to the food you buy at the super market. A rise in those es across the board.

Inflation is once again at the center of political debate. Dan interviews Tim Barker to put monetary policy in its historical and class war context. Reading: Preferred Shares by Tim Barker phenomenalworld.org/analysis/wage-share email digradiopod@gmail.com for PDFs of the following two articles: The Vietnam War and the Political Economy of Full Employment by Dean Baker, Robert Pollin and Elizabeth Zahrt Class Conflict and the "Natural Rate of Unemployment" by Robert Pollin Support The Dig at Patreon.com/TheDig...and join The Dig's brand new Discord!