Geopolitical Economy Report Can the US Federal Reserve really control inflation?
Aug 31, 2024
Radhika Desai, a political economist specializing in geopolitical economy, and Michael Hudson, an economist focused on debt and financial systems, delve into the Federal Reserve's role in inflation. They critique the Fed's prioritization of asset price bubbles over the needs of average workers. The discussion also highlights how rising interest rates are making housing less affordable and worsening wealth inequality. Desai and Hudson argue for a reevaluation of the narrative around inflation, emphasizing the real financial struggles many Americans face.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 3min
The Fed's Double-Edged Sword
02:40 • 27min
Effects of Rising Interest Rates on Housing Affordability
29:36 • 2min
Inflation's Impact on the American Dream
31:48 • 9min
The Federal Reserve's Illusion and the Reality of Economic Polarization
41:05 • 5min
Exploring Financialization and Economic Challenges
45:43 • 3min