After the two thousand eight economic crisis, wages remain stagnant. We've got to politicize monetary policy by both fighting for a different interpretation of inflation and by building enough working class power so that when the time comes, the left has the analysis and strength to push for spending and planning instead of retrenchment and austerity. If you appreciate what we do at the dig, please consider supporting us at patrion dot com. Even five dollars a month goes a long way.
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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