Inflation, Market Economy, Inequality, Anti-inflationary Alternatives.

Abstract

Richard D. Wolff carries out a caustic and solid critique against the conventional perspective that presents inflation as a natural phenomenon of the adjustment of the universal law of supply and demand. Nothing could be further from the truth, behind the recent rise in prices there is a class war and a dislocated market economy led by a minority elite that intends to further squeeze a citizenry sunk by debt and the meteoric rise of the interest rates. Wolff also offers a number of anti-inflationary policy alternatives recorded in US history that were able to reduce inflation and inequality.