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Dig: Monetary Politics w/ Tim Barker

Jacobin Radio

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Who Benefits From a Fed Induced Stock Market Crash?

Workers will suffer if interest rates are hiked to the point that a recession is induced. Business, of course, loath's a tight labor market as much as workers welcome one. But today, corporate profits have been doing well. And I doubt that finance would welcome a stock market crash,. Have the class coalitions around monetary policy changed since the Volcker shock?

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