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The Socialist Program with Brian Becker

Why Higher Prices Are Here to Stay: The Hidden Truth About Inflation

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 14 February 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

On today's episode Brian and Prof. Richard Wolff discuss what really causes inflation as housing costs continue to spike, increasing six percent–triple the Federal Reserve’s target.
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.

Transcript

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0:00.0

A new inflation report shows that housing costs continue to spike, increasing 6% triple the Federal Reserve

0:10.9

target.

0:12.1

As the Biden administration tries to sell the narrative of a booming economy, especially for

0:17.1

working people, it only gets harder and harder for workers to make ends meet.

0:23.0

We need a new system. We need a new society. We need to demand that which may have sounded

0:29.2

impossible even a few weeks ago, but is not only realizable, but an imperative necessity.

0:39.3

Thank you. but an imperative necessity. We are excited to have Professor Wolf join us again for our regular weekly segment

0:59.8

where we talk about the biggest stories related to the economy, the state of the working

1:04.1

class, and the crimes of big business.

1:06.8

I'm your host, Brian Becker.

1:08.7

The Socialist Program brings you content several days a week.

1:12.0

Thanks to the support of our patrons at patreon.com forward slash the socialist program.

1:18.3

If you're not a patron yet and you enjoy the show, rely on the show, or both, become a patron today.

1:25.4

Richard Wolfe is the co-founder of the organization democracy at work.

1:28.7

He's the author of many books, the latest being The Sickness is the System,

1:33.1

when capitalism fails to save us from pandemics or itself.

1:37.1

Be sure to check out all of his work at R-D-Wolf.com.

1:40.2

That's R-D-W-O-L-F dot com.

1:43.9

Richard, welcome back.

1:45.3

Thank you, Brian.

1:46.3

Glad to be here.

1:47.5

Richard, apparently, if one reads the big business media, the capitalist media, the corporate

...

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