Breaking Points with Krystal and Saagar Mini Show #40: Inflation Causes, Fed Policy, Oil Markets, Crypto Scam, Woke Activism, Union Busting, & More!
Jun 18, 2022
Guests David Sirota, founder of The Lever and Ryan Grimm, Washington Bureau Chief at The Intercept, delve into inflation's complexities and the Federal Reserve's policies. Journalist Lee Fang discusses how corporations are now using social justice language to prevent unionization. Matt Stoller critiques the crypto market's recent upheaval, attributing it to regulatory failures. Chris Leonard shares insights on oil market dynamics, while James Lee offers a nuanced take on the inflation narrative, exploring its implications for working Americans.
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Episode notes
Austerity Concerns
- The Democratic Party and President Biden are criticizing Republican proposals for entitlement reform.
- However, Biden has a history of supporting similar cuts, raising concerns about potential post-midterm austerity measures.
Inflation Response
- The Biden administration's primary response to inflation is raising interest rates, effectively cutting workers' wages.
- Alternative solutions like taxing the rich or reducing the defense budget haven't been aggressively pursued.
Sentient AI?
- Blake Lemoine, a Google engineer, believes the AI chatbot LaMDA is sentient due to its advanced language abilities.
- Google, however, says Lambda is not sentient and has since fired Blake Lemoine.
