Inflation’s Drivers on The Geopolitical Hour

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https://www.youtube.com/watch?v=ZhZbB0jjDTM In this episode of Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss inflation: what it is, what causes it, and what are the problems in how the Federal Reserve and other central banks respond to it. Transcript RADHIKA DESAI: Hello, everyone. Welcome to the second Geopolitical Economy Hour. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Thanks to all our viewers for making our inaugural show such a success. As many of you know, in this collaboration with Ben Norton’s Geopolitical Economy Report, Michael and I will present every two weeks a discussion of the major developments and trends that are so radically and rapidly reshaping the world order. Issues that involve not just politics and economics but, rather, as Michael and I like to put it, political economy, and, as my 2013 ...

Introducing the Geopolitical Economy Hour

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https://www.youtube.com/watch?v=6adqdNCSVhU Radhika: Hi everyone, and welcome to this Geopolitical Economy Hour. I'm Radhika Desai. Michael: And I'm Michael Hudson. Radhika: Every fortnight we are going to meet for an hour to discuss major development in the fast-changing geopolitical economy of our twenty-first-century world. We'll discuss international developments. We'll discuss their roots in individual countries and regions. We will try to uncover the reality beneath the usually distorting representation of these developments in the dominant Western media. We plan to discuss many subject — inflation, oil prices, de-dollarization, the outcome of the war over Ukraine which is going to determine so many things, the threats the U.S. is making against China about Taiwan, China's increasingly prominent role in the world, how China's Belt and Road Initiative is going to reshape it, how Western alliances ...

Systemic Sponsors of Self-Interest

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Q & A transcript from our 4th Patreon event.  Please join Michael's Patreon group as a Patreon Plus member, so that you too can join us and ask Michael any question at our next session in March.  https://youtu.be/fujl6lC2tWg Karl Fitzgerald (KF): To start off with our typical end-of-year topic: How have you seen this year's economic trends play out? Has there been anything outstanding or worthy of note for you to bring to our attention? Michael Hudson (MH): Nothing's really changed from last time. There's more and more awareness that when the Federal Reserve raises interest rates (ostensibly to fight inflation) it isn't really to fight inflation at all. It's that they worry that with the prices going up, wages may go up, and they want to cut American wages by about 10% because ...