Economist Michael Hudson on inflation and Fed plan to cut wages: A depression is coming
Geopolitical Economy Report
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The Fed's Response to Inflation and Economic Implications
This chapter discusses the inflation crisis in the US and the Fed's response to it, including raising interest rates and buying stocks, bonds, and real estate mortgages. It highlights the impact on different socioeconomic groups and brings up President Biden's view on inflation. The discussion also explores the role of the oil industry, agricultural monopolies, and the military-industrial complex in shaping the current economic situation.
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