Alternative Visions

Alternative Visions - Inflation Myths & April Jobs Report


Listen Later

 Dr. Rasmus addresses the rising chorus from conservative politicians, media, and ‘paid for’ economists that the Fiscal stimulus bills being proposed ($1.8T American Rescue Plan, $2.2T American (Infrastructure) Jobs Plan, and $1T American Families Plan) will soon overheat the US economy and cause rapid rise in inflation. What are the actual forces driving/not driving prices today in 2021? What’s wrong with the way the US government estimates inflation? Why does it underestimate it in order to overestimate real GDP growth? Why are the government’s methodology for estimating inflation kept a ‘secret’ from the public?  Dr. Rasmus also comments on today’s Labor Dept. Jobs Report that missed forecasts of jobs created in April by more than 1 million. What’s going on? And what about that phony argument that workers are getting too much unemployment benefits, causing them to refuse to return to work at poverty level minimum wages ($7.25/hr. or $2.13/hr. for restaurant workers). Check out Dr. Rasmus’s latest print publication, “US 1st Quarter GDP: Recovery or Just Another Rebound’, at http://jackrasmus.com.

...more
View all episodesView all episodes
Download on the App Store

Alternative VisionsBy Progressive Radio Network

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

25 ratings


More shows like Alternative Visions

View all
Behind the News with Doug Henwood by Doug Henwood

Behind the News with Doug Henwood

479 Listeners

Democracy Now! Audio by Democracy Now!

Democracy Now! Audio

5,662 Listeners

CounterSpin by Fairness & Accuracy In Reporting

CounterSpin

492 Listeners

KPFA - Letters and Politics by KPFA

KPFA - Letters and Politics

259 Listeners

The Tennis Podcast by David Law, Catherine Whitaker, Matt Roberts

The Tennis Podcast

1,296 Listeners

Jacobin Radio by Jacobin

Jacobin Radio

1,399 Listeners

Ralph Nader Radio Hour by Ralph Nader

Ralph Nader Radio Hour

1,180 Listeners

Geopolitics & Empire by Geopolitics & Empire

Geopolitics & Empire

487 Listeners

The Katie Halper Show by Katie Halper

The Katie Halper Show

1,466 Listeners

Economic Update with Richard D. Wolff by Democracy at Work - Richard D. Wolff

Economic Update with Richard D. Wolff

1,947 Listeners

Pitchfork Economics with Nick Hanauer by Civic Ventures

Pitchfork Economics with Nick Hanauer

1,481 Listeners

MOATS with George Galloway by Molucca Media Ltd

MOATS with George Galloway

116 Listeners

Geopolitical Economy Report by Ben Norton

Geopolitical Economy Report

281 Listeners

The Grayzone podcast with Max Blumenthal by Max Blumenthal

The Grayzone podcast with Max Blumenthal

267 Listeners

The Chris Hedges Report by Chris Hedges

The Chris Hedges Report

221 Listeners