4.4 • 1.2K Ratings
🗓️ 1 October 2022
⏱️ 59 minutes
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New data shows that fear of recession and inflation are easing but economist Richard Wolff warns us that we still have to worry about the system that creates recession after recession. Professor Richard Wolff is an economist, host of Economic Update on Free Speech TV, author of numerous books including The Sickness IS the System and Understanding Socialism.
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0:42.7 | This is the Tom Hartman program. |
0:50.0 | And welcome back to our program on the line with us is our buddy Professor Richard Wolf, |
0:55.5 | the economist, the co-founder of democracy at work.info, the author of numerous books, |
1:00.1 | including his most recent, which is also available in e-book. |
1:03.7 | The sickness is the system when capitalism fails to save us from pandemics or itself. |
1:07.9 | And the host of economic update with Professor Richard Wolf right here on free speech TV, |
1:12.7 | democracywork.info, prof wolf over on Twitter. |
1:16.3 | And Professor Wolf, welcome back to the program. |
1:19.2 | There's a couple of stats here. |
1:21.6 | We saw this inflation has only slightly moderated a couple of days ago, |
1:26.0 | which cratered the stock market. |
1:28.0 | Now, there's also the producer price index just came out. |
1:31.7 | And it's actually declined one tenth of a percent, which is wholesale. |
1:37.5 | This is wholesale prices falling. |
1:39.6 | And the headline PPI increased 8.7 percent, which is a substantial. |
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