The Socialist Program:Grand Theft Banks: How the Government Funds Wall Street

On this episode of The Socialist Program, Prof Wolff joins to discuss one of the key ways that the biggest capitalist enterprises receive huge government assistance -- quantitative easing. This policy, carried out by central banks, has been the subject of major debate in recent weeks. What is quantitative easing, and is it going away any time soon?

Listen to the episode here. 


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  • Pasqual DiGesu
    commented 2021-09-22 17:48:41 -0400
    Is the federal reserve a government entity? Federal Reserve act 1913 was about what? JFK moved in June 4, 1963, by signing Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System to give printing power back to the government, it was reversed following his murder.
  • Pasqual DiGesu
    commented 2021-09-22 17:02:10 -0400
    Good lecture, to conclude your truths I will not beat around “your” bush, Everything you said screams “The people cannot govern themselves” The people are not intelligent enough. Historians in the future will not look back and comment to anyone left that wants to listen to them, they will probably be burned at the stake since we are on a path of de-evolution. To further your analogy of smoke and mirrors, today they announced that the FED Reserve will try something new. They will maintain low interest and accept the rising inflation to heal the economy in time and in this unorthodox way. What a unique concept ! They are going to let the powers of finance continue to borrow your meager savings with a continued zero return, you see even stealing can be twisted into a novel idea.
  • Richard Wolff
    published this page in Updates 2021-09-21 08:56:16 -0400