The Fed, is the central bank and has the same responsibilities as those in other countries, including the base lending rate.
Quantitative Easing pumps money into the economy, as the Fed buys bonds. But is this process working? With inflation starting to run away, Professor Richard Wolff explains what is going on and how you will be affected.
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Professor Richard Wolff joined Thom to finance and the economy.
Bio: Professor Wolff is an Economist / Co-founder, Democracy At Work / Author of numerous books - his latest is The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself (also available as an eBook)
Website: www.democracyatwork.info / www.rdwolff.com
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