Vulkar was able to build popular support for something which involved like manufactured recession. A disproportionate part of the cost was borne by black workers at a time when there was a general conservative reaction against both, not only the new deorder, but the civil rights. It's unclear whether vulkar thinks about this much at all.
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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