The Socialist Program: Biden’s Economic Policies: Recession in 2024?

Professor Wolff joins Brian Becker to discuss contrasting views on inflation. The Wall Street Journal suggests that a slowdown in inflation, as indicated by the recent report, could lead to the Federal Reserve halting interest rate hikes. However, UBS bank offers a starkly different prediction, anticipating a potential 2.75 basis points cut in interest rates by 2024, citing risks of disinflation and rising unemployment. Professor Wolff criticizes the Federal Reserve's historical failure in achieving both price stability and maximum employment. The conversation also touches on the U.S.-China relationship, exploring how their economic integration is unraveling, partly due to the perception of China as a growing economic threat to the declining American empire. Professor Wolff emphasizes the need for the U.S. to confront economic realities and adapt to the changing global landscape.

Listen to it here...

Showing 4 reactions

Please check your e-mail for a link to activate your account.
  • dry firewood
    commented 2024-01-21 21:41:08 -0500
    This is a good opportunity for you to indulge yourself in rhythm games by clicking . it’s great!
  • Alex Smit
    commented 2023-11-22 03:25:57 -0500
    Hey. These organizations work tirelessly to alleviate suffering, provide essential aid, and promote development in a region where it is greatly needed. A humanitarian organizations in sudan are beacons of hope and support for a nation that has faced its share of challenges. From addressing health crises to delivering food, clean water, and education, their impact is immeasurable. They serve as a lifeline for vulnerable communities, bringing not only relief but also the promise of a brighter future. Their unwavering commitment to humanitarian principles inspires us all and reminds us of the importance of empathy, solidarity, and the belief that positive change is possible, even in the most challenging circumstances.
  • John Huide
    commented 2023-11-19 05:55:13 -0500
    Good afternoon. I am studying at the university and I constantly need to write various essays as I am studying at the Faculty of Philology. And the best assistant that helps me is . This service offers services of writing various essays with the help of an artificial intelligence writer. After ordering the work, I was able to make corrections during the writing process. In a short period of time, I received the finished work.
  • Richard Wolff
    published this page in Updates 2023-11-15 10:55:48 -0500