Inflation

Who Owns America’s Debt? – Bob Pollin Pt. 2/2

Who Owns America’s Debt? – Bob Pollin Pt. 2/2

ByTalia Baroncelli

In part 2, Bob Pollin, economist and Co-Director of the Political Economy Research Institute (PERI), lays out policies to increase workers’ wages and bargaining power and bring down the price of food items such as eggs. He tackles the issue of U.S. government debt, as well as fiscal conservative and MAGA Republican claims that China owns most of this debt. These falsehoods deflect from Trump’s massive tax cuts for the rich and his high military expenditure, which ran up U.S. debt far more than under the Biden administration. Pollin asserts the best way to reduce high-interest payments on U.S. debt and support social services is to increase government revenue via capital gains and income taxes.

Inflation Control and Curbing Workers’ Power in the Neoliberal Era – Bob Pollin Pt. 1/2

Inflation Control and Curbing Workers’ Power in the Neoliberal Era – Bob Pollin Pt. 1/2

ByTalia Baroncelli

Following the inflationary period of the Covid-19 pandemic, inflation is largely down and currently at 2.1% in the U.S. Bob Pollin, economist, and Co-Director at the Political Economy Research Institute (PERI), explains the causes of inflation, including demand-side and supply-side factors. He illustrates how the economic models used to tackle inflation are essentially tools to chip away at workers’ bargaining power. Pollin recounts the history of policies of inflation control, tracing their development to the era of globalization and neoliberalism championed by former U.S. President Bill Clinton and former chairman of the U.S. Federal Reserve Alan Greenspan.

No Evidence to Support FED 2% Inflation Target – Robert Pollin 
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No Evidence to Support FED 2% Inflation Target – Robert Pollin 

BySharmini Peries

The inflation conference at Political Economy Research Institute at UMass Amherst (PERI) presented mounting evidence that raising the rate of interest will only raise unemployment and weaken the bargaining power of low-wage workers and the poor that are already hit hard by the pandemic across the world. Robert Pollin joins Sharmini Peries on theAnalysis.news.

How Corporations “Get Away With Murder” to Inflate Prices on Rent, Food, and Electricity
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How Corporations “Get Away With Murder” to Inflate Prices on Rent, Food, and Electricity

ByLynn Parramore and Hal Singer

Antitrust expert Hal Singer shows how big businesses in certain industries are taking advantage of inflation worries to jack up prices far beyond their cost increases, all the while raking in robber-baron profits.

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