_inflation-vs-unemployment-which-hurts-the-economy-more.jpg "Inflation vs. Unemployment: Which Hurts the Economy More? from debt definition economics Video Screenshot Preview")
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⏲ Duration: 18 min 64 sec
✓ Published: 13-Dec-2022
✓ Published: 13-Dec-2022
Description:
Steve Grumbine joined John Kiriakou of Political Misfits to talk about the recent decision by the Federal Reserve to further hike interest rates by .75% in order to combat inflation and its implications for the economy. nnSteve explains that this is a result of the neoliberal textbook definition of inflation, which claims that inflation is caused by printing money or increasing the money supply.In reality, raising interest rates leads to higher inflation by creating an inflated cost of credit.
Steve Grumbine joined John Kiriakou of Political Misfits to talk about the recent decision by the Federal Reserve to further hike interest rates by .75% in order to combat inflation and its implications for the economy. nnSteve explains that this is a result of the neoliberal textbook definition of inflation, which claims that inflation is caused by printing money or increasing the money supply.In reality, raising interest rates leads to higher inflation by creating an inflated cost of credit.
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