Ask Prof Wolff: Money and Inflation in Today's US

A patron of Economic Update asks: "Prof. Wolff, what is the current inflation rate in US? I see on the gov't sites as being 1.4% but after we printed all that new money last year plus prices of goods/services increase, wouldn't it be around 10-20%?"

This is Professor Richard Wolff's video response.

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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books

“A magnificent source of hope and insight.”
Yanis Varoufakis
Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy


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Showing 1 comment

  • Steve Greenberg
    commented 2021-02-17 15:02:56 -0500
    You forgot to mention the crippling sanctions the USA is imposing on Venezuela in order to destroy its threat to capitalism (or is it just a threat tuo ISA hegemony?)
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