Richard D. Wolff

Jerome Powell announced yet another rate cut on Wednesday, bringing the tally to three in 2019 as the US economy continues its uncertainty. Prof. Wolff dissects the data and what the move means for markets stateside and around the globe. 

There is a high risk of ignoring how much money is owed by corporations. If the interest rate rises even by a small amount, many will default. That could bankrupt thousands of businesses and put millions out of work with no income. Bad decisions made when borrowing cheap money will come back to bite when their corporate bonds come to mature. Prof. Wolff asks whether the credit rating agencies should have lowered the credit ratings of corporations due to their level of debt. What will happen if the economy crashes?

[S9 E42]

On this week's EU, Prof. Wolff presents updates on costs of NBA offense to China, worsening global inequality, poverty mocks Nobel prize for 3 economists working on...READ MORE

Hong Kong and China learn how to live together after a century of separation. Prof. Wolff joins Rick Sanchez to discuss the Hong Kong protests, arguing that "Hong Kong needs China more than China needs Hong Kong."

Countries around the world are rising up against increasing income inequality and lack of economic opportunities, especially for young people. What are the economics behind the protests in Haiti, Lebanon, Chile, Ethiopia, Ecuador, and Iraq? Prof. Wolff talks to Loud & Clear's Brian Becker. Listen Here

Following months of scrutiny by lawmakers across the globe, Mark Zuckerberg faced Congress where lawmakers grilled the social media CEO on the libra digital currency. Prof. Wolff joined Boom Bust to break down the blockchain battle and what it means for the future of FinTech.

[S9 E40]