The Socialist Program with Brian Becker
Why Higher Prices Are Here to Stay: The Hidden Truth About Inflation
Feb 14, 2024
Discusses the spike in housing costs and inflation surpassing the Federal Reserve target. Explores human decisions affecting market prices and critiques media for blaming vague market forces. Compares past inflation rates during the Vietnam War and analyzes the impact on working people. Explores power dynamics within the capitalist system and the intervention in issues like rent control.
28:26
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Quick takeaways
- Rising housing costs exceeding the Federal Reserve target challenge financial stability for workers.
- Language in media personifying inflation masks human decisions that dictate price increases, particularly by employers.
Deep dives
The Influence of Inflation on Housing Costs
Housing costs have surged by 6%, significantly surpassing the Federal Reserve target. This rise poses challenges for workers to maintain financial stability amidst the portrayal of a flourishing economy by the Biden administration. The episode highlights the need for a reformed system and society to address the escalating housing costs that impact the working class.
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