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Special: Adam Tooze on Inflation and the Cost-of-Living Crisis

Jacobin Radio

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What's the Happiest Scenario?

We don't have the kind of collective organization that would take, says Julian Zelizer. We've got a Fed raising interest rates and other countries as you say following suit but we have an uneven landscape of price formation., he adds. And so what is this all likely to amount to if what we're seeing continues? "The happiest scenario is that we get a recession," writes Zelizer.

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