This is the Tom Harbin Program.

Welcome back, Tom Harbin here with you on the line with us is Professor Richard Wolff,

the economist, co-founder of Democracy at Work.info.

The author of numerous books is latest, The Sickness is the System.

Capitalism fails to save us from pandemics or itself.

It's also available now as an e-book, Democracy at Work.info, R.D. Wolff with 2Fs.com.

You can tweet him at Prof. Wolff, P-R-O-F-W-O-L-F.

And Professor Wolff, welcome back to the program.

I'm wondering, Joe Biden, this $1.9 trillion bill, you know, about to come out of the house.

And already the Republicans and Lawrence Summers and other idiots like him are out there

going, oh, it's going to cause inflation.

You know, don't forget the 1970s.

Tell us about that.

Well, you know, it's dishonest.

There's really no nice way of saying this.

Look, here's the basic economics.

If you're going to pump a great deal of money into the economy pretty quickly in a short

amount of time, there is always a risk that that extra money will start chasing goods,

and buildings, products of our factories, and so on.

And if that happens, and if there's more money chasing goods, then there are goods, then

the people with the money will bid up the price because there isn't enough goods to give

everybody satisfaction.

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