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Thu Jul 11, 2019, 09:00 PM

Trump Reducing Interest Rates to be Re-elected (w/ Richard Wolff)

Is Donald Trump forcing the Fed to keep interest rates low, to ensure he is re-elected in 2020?

The Government in a capitalist system is the lenders and spender of last resort. When things are going well, business will tell you how wonderful things ar. In hard times, they will run to government finance. The government will support the bad times, but do they have too much power when a leader has his or her hands close to the till?

The Federal Reserve is supposed to be independent, but governments always want to meddle.

Dr. Richard Wolff joined Thom to discuss printing money and why it both good and bad.


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