Richard Wolff joins Boom Bust to discuss how lawmakers around the world have called on the International Monetary Fund (IMF) to cancel massive amounts of debt in the world’s poorest countries due to the novel coronavirus pandemic.
The IMF has loaned billions to nations facing economic turmoil. Plus, the head of the Federal Reserve has issued its outlook on what the economy needs to avoid falling even further, including more stimulus to pull the US economy out of the downturn. Meanwhile, truckers and bus drivers have descended upon the US capital demanding government support as they bear the weight of the COVID-19 pandemic.
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