Who Pays for Inflation?
KPFA - Against the Grain
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What Are the Elements That Drive Inflation?
Inflation in the past has revolved around either some kind of a coust pushed from workers. In this particular case, something happened that at first stood outside the economy. There was an external shock, which was a hell shock. And we'll talk a fair amount more about how capital anticipates the possibilities of labor making demands that might add to inflation. But just before we get there, if you could break down in more detail the particulars of why there is the inflation that has taken place now? What are the elements that have driven it, and why? Is it quite clear that it is historically specific?"
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