5min chapter

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Ep357 - Yanis Varoufakis | And the Weak Suffer What They Must?

Talks at Google

CHAPTER

The Fed's Decline in Wages

In 2008 our come-up and scheme, the nemesis followed for the hubris for closures since then stagnant wages, skyrocketing inequality. The problem is that we have lost control of the money supply. We allowed the Fed to be creating easy money before the crisis, easy money after the crisis and there is a lot of credibility of the money markets. There can be no such thing as apolitical money. And I've already explained, I think, why? The story about optimism. Because the moment pessimism prevails and it can prevail for any reason. For any reason. But the moment the seeds of pessimism begin to grow and turn into an ugly plant, at that point

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