#131 Fadhel Kaboub: Free Trade Isn't Free: Food Sovereignty And Why It Matters
The MMT Podcast with Patricia Pino & Christian Reilly
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We Have Nothing to Do With Inflation
Raising interest rates slows down economic activity and creates unemployment. In the us, we have a little bit of flexibility in the sense that even the fed does what they said theyve committed to doing this year - raising interust rates at least seven times this year. But in the an the urozone, again, it's by design. States within the urizone don't have that flexibility. These are the lessons that the main stream carried from the 19 seventies. They argue that it's the necessary pain we have to go through to break the back of inflation but our sources of inflation have nothing to do with what the central bank imagines they have to do. The conflict is
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