The idea that prices and profits have to be, you know, an appropriate target for collective intervention. I think that's the kind of spirit that we would need to recover before we get any further. Greenspan is a hugely important and somewhat,you know, mysterious figure. He's a hard corp follower of einrand, right? Who like, really, like close friends.
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
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