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Inflation with Richard Wolff & Dean Baker

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Why Is There an Inflation Caused by the Federal Reserve?

"To blame the inflation on the money is to neatly remove from the story the decision that employers had to make if an increase in money was going to get the inflations going up," he says. "We're allowing a minority that lives off profits to decide what the prices are, Whereas we who don't live off profits, we live off wages, we are excluded from the prices."

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