Michael Hudson: For Mordor Capitalists the Cure for Inflation is a Depression

Why do we have inflation? In this discussion Michael Hudson talks about the real purpose the Fed is raising interest rates. It is not to punish lenders but instead to force workers to accept lower wages and/or be unemployed. For the Fed the cure for inflation is really a depression! Michael also discusses the British economy and closes on a positive note about the Chinese economy.

Leave a Reply

Your email address will not be published. Required fields are marked *