Unemployment stands at a staggering nine percent in the US. But when it comes to cars, homes and online consumption, Americans are spending like there's no tomorrow. Banks are awash with money and stocks are through the roof. So are we in a recession or a boom? Renowned economist Prof. Richard Wolff joins Rick Sanchez to weigh in on the enigmatic US economy. He explains that practically "free money" from the Federal Reserve allows the rich to become richer "while the rest of us live with it."
Watch this segment on The News with Rick Sanchez.
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