Ask Prof Wolff: Talk of Inflation and How It's Being Used скачать в хорошем качестве

Ask Prof Wolff: Talk of Inflation and How It's Being Used

A Patron of Economic Update asks: "I am still struggling with the concept, terminology and reality of inflation. A little reading tells me that inflation is actually an increase in the supply of money mainly through the creation of debt by banks. It seems to me that there would be a "natural" increase in the supply of money because of an increase in population, workforce and productivity but not an increase in prices. Price increases are caused by owners, suppliers, distributors as a means to increase profits under the guise of "inflation" as terminology. The problem of price increases is further exacerbated when the increase of the supply of money is invested in stocks, assets and financial gimmickry, in effect stealing the increased productivity of the workforce. Am I on the right track?" This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon:   / community  . Ask Prof Wolff is @Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible. _________________________________________________________________________ Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! www.democracyatwork.info/books “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly http://www.lulu.com/spotlight/democra... _________________________________________________________________________ Follow Wolff ONLINE: Web: http://www.rdwolff.com Patreon:   / economicupdate   Twitter:   / profwolff     / democracyatwrk   Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Subscribe to the EU podcast: http://economicupdate.libsyn.com Shop our worker CO-OP made MERCH: https://democracy-at-work-shop.myshop...