Many on the left argue that inflation has been driven by a lack of productive capacity in the economy. The Fed can check the price of labor, but not for the government to control the prices of goods and services. "There's all kinds of double standards in the system," says Julian Zelizer.
Featuring historian Tim Barker on the state of monetary politics amid the current fight over inflation.
Check out my July 2021 interview with Barker if you want a more expansive primer on inflation thedigradio.com/podcast/inflation-politics-with-tim-barker
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