Prof. Wolff joins The Thom Hartmann Program to illuminate how banks are supposed to hold a percentage of every dollar in reserves, which means they have a large pile of money. What happens if the government wants to stimulate the economy, by telling the banks they can lend out part of their held deposits or all of it? The last time the banks were able to lend out their reserves, we found ourselves in a global financial crash.Read more
The US-China Trade Wars: Causes, Prospects, Risks
Trump's plan to re-privatize the mortgage loan companies Freddie Mac and Fannie Mae opens the door to the factors that caused the 2008 financial crisis.
This story appears courtesy of Real News Network - Listen Here
Since the mid-20th Century, every major recession in the United States has been preceded by an inversion of the bond “yield curve,” a key indicator of the health of the economy. In August, the curve inverted once again, leading to widespread alarm that a significant economic downturn is imminent.
This article appears courtesy of The Globe Post.
As U.S. schoolchildren return to the classroom, teachers across the country are asking for help from the public to bridge the gap between funding and need through a new viral campaign that is putting renewed focus on the woefully insufficient funding of U.S. public schools.
This article appears courtesy of Common Dreams.
Why are working people fighting each other instead of working together against the billionaire class ruling the country?
Prof. Wolff joins Thom Hartmann to expose how racism is intrinsic to capitalism and the goal of capitalist. dividing the working class and putting them against each other. How can we stop the rich from dividing the working class?
Prof. Wolff discusses how employment cooperatives may improve the economy with Jesse Ventura.
Prof. Wolff calls the current system of grading students "capitalist." Sure it sounds popular, but is doing away with grades really a solution to what some call an education crisis? Prof. Wolff talks with FOX News' Lauren Simonetti to answer these questions.
This interview appears courtesy of Lauren Simonetti and FOX News Radio
As the US slides closer to a recession sparked at least in part by Trump’s trade war with China, the question arises, is Trump failing capitalism, or is capitalism failing us? Prof. Wolff talks with Sonali Kolhatkar.
This interview appears courtesy of Rising Up With Sonali
Is there a new recession coming? We are already overdue for one of these downturns, according to Prof. Wolff. Trump has launched a trade war, which is bad for both economies with everyone losing thousands of dollars a year due to that. The upswing has been going on too long, so how deep will the next recession be?
Prof. Wolff returns to PRIMO NUTMEG to discuss how real socialism can be achieved through worker cooperatives. During this extended interview Primo covers the alternative definitions of "capitalism" and "socialism," as well as how workplace democracy differs from Bernie Sanders' democratic socialism. Also discussed is monetary theory, crypotcurrencies like Bitcoin, the 2020 election, the NeoMcCarthyism of RussiaGate, Noam Chomsky, and the story behind Prof. Wolff's feud with Jordan Peterson.