An audience member of Ask Prof Wolff LIVE asks: "What are the major historical downsides to a deflation? Are price decreases in a specific sector (e.g. fuel if, hypothetically, the shocks to that supply chain end sometime) generally isolated from these?"
Prof Wolff answered this question during a live Ask Prof Wolff event.
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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