Sally Kohn: The left has to figure out were we stand here. What what is called for, i think, is a kind of economic equivalent of war. She argues that in the 19 96 article by dean baker, robert pollan and elizabeth art on the role played by the vienam or in tightening the labor market In the late 19 sixties. They argue that while the conventional wisdom is that the war spending engendered uncontrollable and debilitating inflation, it, in reality, also contributed to an enormous advance in social and economic progressby creating an almost fully employed labor. It was world war too, that ended the depression by mobilizing the economy in a way that
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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