Will a large infrastructure plan create inflation? If inflation is linked to higher wages, that’s not bad for workers, says Pollin. Large increases in inflation have been linked to higher oil prices which are unlikely. What’s missing from the Biden plan is it doesn’t sufficiently address a just transition for fossil fuel workers. Bob Pollin joins theAnalysis.news with Paul Jay.
If there were a real fear of inflation, there wouldn’t be such an appetite for long term government debt at what amounts to a negative interest rate. Rana Foroohar and Mark Blyth on theAnalysis.news with Paul Jay.
Working families are suffering, is the Biden plan big enough? Why doesn’t Wall St. fear inflation or a drop in the US dollar? Bob Pollin on theAnalysis.news with Paul Jay.
If current trends continue, in 10 years’ time wages will be back to the brink of the abyss level of 1930. If governments opt for premature fiscal tightening, the recovery will fizzle out by 2022, says Richard Kozul-Wright, the Director Division of Globalization and Development Strategies at UNCTAD.
Rana Foroohar, Financial Times columnist and author (Don’t Be Evil: How Big Tech Betrayed Its Founding Principles), and Mark Blyth, political economist and author (Angrynomics), join Paul Jay for a wide-ranging conversation about the deepening depression, inequality, and China. On theAnalysis.news podcast.
The speech from the throne is only weeks away. Moments like these — pandemics, depressions, wars — are historical turning points, often marking a time period when fundamental change toward social and economic equality become possible. By Bruce Campbell.
The Biden campaign is trying to appeal to supporters of a Green New Deal and the finance sector at the same time. He’s promising an FDR style New Deal at a time when Wall St. is more powerful than ever. Thomas Ferguson joins Paul Jay on theAnalysis.news podcast.
They are building more and more fragility in the system, and the bailouts are becoming bigger and bigger, to a point where business as a whole is able to run an unsustainable moral hazard extortion game against central banks. Mark Blyth joins Paul Jay on theAnalysis.news podcast.
Political economist Mark Blyth explains why inflation in the U.S., Canada, and the E.U. is highly unlikely. There is a great deal of room for more government spending and higher wages before much inflation is possible. Mark joins Paul Jay on theAnalysis.news
The Biden “Jobs Plan” contains some good infrastructure proposals, but most of the spending will not reduce carbon emissions. Only two million buildings are targeted for retrofitting and there are no serious regulations to force investment into sustainable energy. Robert Pollin joins Paul Jay on theAnalysis.news
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