What causes inflation? Economists Radhika Desai & Michael Hudson explain
Geopolitical Economy Report
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Central Banks Are the Alternative to Socialism
The Federal Reserve was created in 1913 to take monetary policy out of the hands of government. The idea was for actions that the Treasury used to do, managing the economy, would be transferred to Wall Street and other centers. In reality, central banks have behaved in ways that have only benefited the financial sector which produces nothing but makes profit without production.
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