On today's episode, Brian Becker and Prof. Richard Wolff break down the real cause of inflation. Inflation is rising prices, which is something the working class doesn't control. Businesses—and the Fed when it raises prices for borrowers by increasing interest rates—do control prices. Why do businesses do this since inflation is bad for the economy? Can the government change this?
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
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The Socialist Program with Brian Becker