Inflation: A Capitalist Tool of Class War Against the Working Class

On today's episode, Brian Becker and Prof. Richard Wolff break down the real cause of inflation. Inflation is rising prices, which is something the working class doesn't control. Businesses—and the Fed when it raises prices for borrowers by increasing interest rates—do control prices. Why do businesses do this since inflation is bad for the economy? Can the government change this? 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.