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Economics for a New Year

Economic Update with Richard D. Wolff

00:00

Introduction

Richard Wolff: The U.S. government is throwing a hundred billion dollars into the war in Ukraine, spending wild amounts of money. He says this kind of extra spending means lots more money looking to buy things and that typically pushes up prices. Wolff: We could have had a wage price freeze on corporations so they wouldn't be able to raise wages. That way those who could afford it would pay for the war," he says. "That's what you wanted"

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