The Vulgar Shock

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In the 19 venties, macro economic management had come a long way. But you did have this new problem of inflation. The vulgar policies lead to the highest unemployment in the us since the 19 thirties. So he's willing to go a sort of approach, a great depression level of unemployment for the first time in 30 years.

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!