In 19 87, Greenspan replaces vulkar m as head of the federal reserve. He's a hundred % a supportive of what vulgar had done. Also practices fairly hawkish monetary policy. But around the mid nineties, you start to see a turning point in green span's approach. And he becomes much more dovish and encourages further economic expansion.
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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