The Dig: Inflation Politics with Tim Barker
Jacobin Radio
00:00
Is There Something About the Beginning of Secular Economic Stagnation?
During World War II, the US government used wage and price controls to maintain price stability. The idea that there might be some kind of other way, you know, a more direct kind of control that might fight inflation was not at all foreign at the time. Is there something about how economic conditions had fundamentally changed in the 1970s that might have made those tools less useful? By the late 1970s, there's a big widespread concern that profits are not high enough,.
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