A Patron of Democracy at Work asks: "Prof Wolff, now that we've entered a recession here, how would the continued Fed interest rate hikes correlate to supply shortage due to our low production capacity? At what rate would the Fed have to lower demand in order to bring down inflation? Or are we inevitably entering stagflation?"
This is Professor Richard Wolff's video response.
Ask Prof Wolff is a Democracy At Work production.
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of [email protected]’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democracyatwork