Inflation is rising. What’s the cause? What should be done? The Federal Reserve is raising interest rates, exactly the wrong cure for this inflation. Bill Resnick talks to Gerald Epstein, a left economist and professor of economics at University of Massachusetts-Amherst, who is critical of current economic management. They discuss the causes of current inflation and what should be done to halt it, to generate employment and growth, and what kind of jobs and growth we need. For more see C.J. Polychroniou’s interview of Epstein in Truthout: Hiking Interest Rates Protects Financial Assets of the 1% at Workers' Expense.
Image via QuoteInspector.com.