What causes inflation? Economists Radhika Desai & Michael Hudson explain
Geopolitical Economy Report
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Introduction
Radhika Desai and Michael Hudson present the second geopolitical economy hour. Today's discussion is focused on inflation, a topic that has been debated for decades. The 1% have inflated asset prices much more than goods and services in recent years. This debt has been inflated not by government debt but by federal reserves creating $9 trillion of subsidy to banks.
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