Richard Ebeling, Ph.D., Professor of Economics: The Citadel, South Carolina and Dean Baker, Ph.D., Cofounder of the Center for Economics and Policy Research, author of Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer, join Dennis McCuistion for a robust discussion on inflation today.
“The annual inflation rate for the United States is 7.7% for the 12 months ended October 2022 after rising 8.2% previously, according to U.S. Labor Department data published Nov. 10.”
Inflation as of this recording is the highest it’s been in 40 years and is certainly higher than what the Fed claims it is.
So, is the Fed creating the problem or recording the problem? Are we headed for a recession?
Tune in for a discussion that definitely impacts your pocketbook/wallet.
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