Inflation, Europe's energy crisis, and the Fed with Richard Wolff | The Chris Hedges Report
The Real News with Chris Hedges, posted on December 2, 2022.
Read the transcript of this interview: https://therealnews.com/richard-wolff-the-feds-response-to-inflation-is-another-upward-transfer-of-wealth
The Federal Reserve has responded to runaway inflation by hiking up interest rates at the same time that Americans are drowning in historic levels of personal debt. With interest rates up, prices will only rise faster than wages, hitting the vast majority of people with stagnant or declining wages in real terms. The result is yet another upward transfer of wealth to the minority of capitalists responsible for the crisis in the first place. Economist Richard Wolff joins The Chris Hedges Report to discuss the origins of the inflation crisis, the Fed's response, and what this all means for working people.
Richard D. Wolff is Professor of Economics Emeritus at the University of Massachusetts, Amherst and a Visiting Professor in the Graduate Program in International Affairs at the New School. He is the host of the weekly program Economic Update, and the author of several books, including his most recent title, The Sickness in the System: When Capitalism Fails To Save Us From Pandemics or Itself.
Watch The Chris Hedges Report live YouTube premiere on The Real News Network every Friday at 12PM ET: https://therealnews.com/chris-hedges-report
Listen to episode podcasts and find bonus content at The Chris Hedges Report Substack: https://chrishedges.substack.com/
Help us continue producing The Chris Hedges Report by following us and making a small donation:
Donate to TRNN: https://therealnews.com/donate-yt-chr
Sign up for our newsletter: https://therealnews.com/nl-yt-chr
Like us on Facebook: https://facebook.com/therealnews
Follow us on Twitter: https://twitter.com/therealnews
#chrishedges #therealnewsnetwork
-
3:00:20
vivafrei
12 hours agoEp. 213: SHUTTING DOWN ALEX JONES? Biden Regime War in FULL FORCE! Viva & Barnes Live!
77.1K114 -
LIVE
Vigilant News Network
7 hours agoMedia Blackout: 10 News Stories They Chose Not to Tell You - Episode 25
2,801 watching -
DVR
The Late Kick with Josh Pate
3 hours agoLate Kick Live Ep 518: CFB’s Wildest Era | Biggest 2024 ?s | Impact Freshmen | Bold Predictions
55 -
12:00
Dr. Eric Berg
1 day agoWhat Exercise Burns the Most Calories?
19.4K20 -
4:48:29
LumpyPotatoX2
7 hours ago$10,000 PUBG Tournament w/GamersError - #RumbleTakeover
21K8 -
3:22
One Bite Pizza Reviews
2 days agoBarstool Pizza Review - Marco Pizzeria & Restaurant (Branford, CT)
29.3K22 -
41:46
Standpoint with Gabe Groisman
12 hours agoEp. 27. From GameStop to the NBA. Gabe Plotkin
26.5K3 -
55:04
Matt Kohrs
9 hours agoThe Volatile Week Ahead || The MK Show
42.6K18 -
26:18
Stephen Gardner
8 hours agoTop Republican UNLOADS on Democrats and Biden's MENTAL HEALTH!!
54.2K97 -
44:30
Michael Franzese
2 days agoCancel Culture Backlash of My UK Tour | Michael Franzese
114K45