Vulkar believed that if you didn't crush inflation through a sort of induced recession, there would still be a recession later. He's really an old school guy, really a pre cansian in his thinking. So we don't make these people out to be kind of comic book villains who are youno, taking pleasuren in what they're doing. And i just, you kow, ithink that's important to mention.
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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