
Who Pays for Inflation?
KPFA - Against the Grain
00:00
Is Inflation Helping Workers?
Inflationary periods cani give workers more leverage. Or is it really a question of the balance of power and the kind of strength that workers have in the first place? Y knowit it's very much latter. The catch is that, ah, if you have inflation, then it begins threatend workers. It threatens them with corporations not investing. And what happened in the seventies is that capital an estates weren't that sure of how to deal with this crisis. Ah, it was a period of confusion. But what they eventually decided by the end of the seventies, is we couldn't break the back of inflation and restore confidence in the american dollar without breaking the
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