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Full Video: No [Price] Cap (Patreon)

Published:
2022-07-11 16:38:44
Imported:
2026-06
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Content

Full video for patrons only! Free clip premieres at 2 for those who want to get in the chat. Callin tonight at 6!

-B

Files

Previews only

No [Price] Cap?: Inflation Truths w/ Fadhel Kaboub

This week, economist Fadhel Kaboub returns to the podcast to follow up on a recent conversation about price controls with Richard Wolff. Are they really the solution? What are the pros and cons? How do you respond to people who point to Nixon's price controls as proof that price controls don't work? And what is the left's final word on how to respond to inflation?

Comments

Anonymous

Callin… did it happen?

Anonymous

If interest on a loan is x% and inflation is y%, then the loan is "free money" if y>x. That is, one can actually profit by borrowing money. This is exactly the incentive for those who have large borrowing power, and the only way to stop them from exploiting the situation is to raise rates so that x>y. But as you discuss, this creates collateral damage in unemployment/lower wages. There is no way to win.

Anonymous

Can anyone help me figure out how to stop my bank from supporting this show? I keep getting a monthly statement,

Anonymous

Beef, did you sign up to as a patron for this Podcast?

Claire M. Cohen, M.D.

Please unlock this. Everyone needs to hear this. This is excellent. Kaboub, himself says we need to educate everyone about this.

Anonymous

Bri, my public defender wife tells me that Biden recently increased criminal penalties for gun crimes in a recent bill that was supposed to prevent mass shootings. I thought this might interest you. Biden does nothing to prevent companies from selling guns but he throws poor people in prison for possessing them.

Anonymous

Are there still pandemic supply disruptions? I thought most factories all over the world were up and running.