
What causes inflation? Economists Radhika Desai & Michael Hudson explain
Geopolitical Economy Report
00:00
What's Causing Core Inflation?
Neoliberalism is financial lobbying for a financiers view of the world. That's the central banks view of theworld, and it's certainly not the wage earners view of theWorld. neoliberalism really is financialization. The reason why core inflation is high because of the productive problems of the underlyingproductive problems of the economy. This, I would say, is the main thing that is causing inflation. And as we move on to talking about what the Federal Reserve is doing, how are we to understand it, and what's wrong with it?
Transcript
Play full episode