What sane economic policy makers would intentionally cause a recession? Well, according to political economist Dr. Jack Rasmus, the policymakers and politicians of both parties in D.C. have now decided the Fed needs to precipitate a recession in order to dampen inflation. Forget price controls on gas, oil, energy, and food – as the US had done in previous decades before neoliberalism. Now the “solution” is to destroy household consumer demand to resolve what is essentially a supply problem created by Covid 19, US sanctions, and the war in Ukraine.
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