Wednesday, January 25, 2012
Marxist Gives Good Analysis of American Economy
H/t Jon Nadler of Kitco. Professor Wolff is a Marxist who gets most of what has been going on in the US economy right. He does not seem to understand the role of the Fed, monetary policy, and the banking system in creating the problems he describes. Otherwise, he hits quite a few nails on their heads.
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Thanks; Entertaining and well worth watching. Nice to know that know that I'm not alone in thinking that corporatism is killing the workers. You're right he does use a broad brush approach to explaining things and in the process misses some of the detail.
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