Inflation Politics with Tim Barker
The Dig
00:00
The Left and Labor Support Expansionary Monetary Policy
A big change from the 19 seventies to now is that, to day, financiers and owners of assets are leading the tight money coalition against workers. On one hand, if asset owners have their own reasons to resist tighter fed policy, the cause of full employment may have gained an awkward ally. But on the other hand, that means that the left and labor are supporting expansionary monetary policy which is also priming the pump of a stock market boom. So what? How shall we think about all this? Yes, it's really complicated.
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