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This is the Tom Hartman program.

So welcome back to the second hour of our program, quantitative easing, quantitative tightening.

What the heck is this stuff? How is it going to affect us?

What is the Fed up to?

Fascinating piece over in the financial times here.

Settle of Fed gets scary by Robert Armstrong and Ethan Wu.

Let's talk about this with a genuine expert.

Professor Richard Wolff is an economist, professor of economics, co-founder of Democracy at Work.info.

The author of numerous books is latest, the sickness is the system when capitalism fails to save us

from pandemics or itself. Prof Wolff with 2Fs on Twitter. Professor Wolff, welcome back.

So quantitative easing, quantitative tightening. This has to do with the Fed,

buying and selling bonds if I understand this correctly. Can you explain what this stuff is and

why we should care? First of all, the Fed is the name we give in this strange country of ours

to our central bank. In other countries, it's called the central bank. Because of our weird

history, we call it the Federal Reserve System. But it is the central bank and it has the same

responsibilities that central banks have in most other countries. Namely, to control the money supply

...