Comments by "" (@tekannon7803) on "The US Has Serious Economic Problems Featuring Richard Wolff" video.

  1. If there were ever two people who create an interview with class it's Thom Hartmann and Professor Richard D. Wolff. At 3:00 into the vocast, Professor Wolff has relayed his worries that the 3/4 of a percent interest rate hike by the Fed will send the US into recession. Isn't it already raining cats and dogs? It's already here, but no one gets asked back on news programs if you admit it. Professor Wolff asks the triumverate of questions on everybody's mind: how deep will the recession be, how long will it last and of course when will it hit so hard no one can deny it? In all fairness to Chairman Powell, he has his advisors and they don't just pull percentage numbers out of a hat. Economics is called the dismal science but maybe it should be called (the most difficult to predict) science. Let's be real: no one gets it right. Spectacular outcomes arrive at our doorstep from stellar catastrophes. In America and around the world the 6th phase of the pandemic is still causing people to fall ill. Your government came up with the idea of sending out stimulus checks and it should be no surprise to anyone that now it's time to pay the piper. What we know about recessions in the postive sense is that they are a cooling off of the economy. What is needed now is to ask ourselves if this isn't an excellent time to put capitalism out to pasture and usher in a new economic model more suited to modern-day problems. Professor Wolff is doing his country and the world a great service by continually pointing out the defects in capitalism
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