A Little Bit of Inflation Means That You Want to Make It by Stuff

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The rise of what came to be called the multi national corporation, which was actually a industrial or manufacturing company. This meant they were engaged in production all over the world. And so there's less of a feeling that industrialists can just kind of live with flation by raising pricest. The vulgar shock also made us exports more expensive. So these companies already struggling to compete with places like japan and germany now had a sort of tional challenge because the dollar had become a lot more expensive.

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 Support The Dig at Patreon.com/TheDig...and join The Dig's brand new Discord!