2min chapter

The Intercept Briefing  cover image

How Fiscal Hawks Are Using Inflation as an Excuse to Tamp Down Worker Power

The Intercept Briefing

CHAPTER

The Politics of the Democrat Party

In 19 72, richard nixon was very open about telling the federal reserve, listen, the economy is going to be great this year. And then during the carter administration, just a few years later, inflation was getting out of hand. The democrats believe so deeply in that they don't care about whether they are hurting themselves and destroying their own political prospects. It's really, absolutely incredible. They're one of the strangest political parties that ever existed.

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