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.