The central bank is structured to it has a really good representation of financial interests. There's no labor representatives sitting on the, you know, the fed committee that makes decisions abot interest race. And there's certainly no representative of the african american community. The federal reserve itself is a kind of private public partnership in which private banking is well represented. Eunow, i'm going to crush all the post colonial ambitions of national liberation fighters world wide. That was more incidental for him. You know, the us. Central bank is like this big elephant that's just crushing a lot of stuff underfoot,. Some of which it knows about and some of which it doesn't.
Inflation is once again at the center of political debate. Dan interviews Tim Barker to put monetary policy in its historical and class war context.
Reading:
Preferred Shares by Tim Barker phenomenalworld.org/analysis/wage-share
email digradiopod@gmail.com for PDFs of the following two articles:
The Vietnam War and the Political Economy of Full Employment by Dean Baker, Robert Pollin and Elizabeth Zahrt
Class Conflict and the "Natural Rate of Unemployment" by Robert Pollin
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