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
Democracy Now! Audio by Democracy Now!

Democracy Now! Audio

5,751 Listeners

CounterSpin by Fairness & Accuracy In Reporting

CounterSpin

507 Listeners

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

Economic Update with Richard D. Wolff

1,981 Listeners

Behind the News with Doug Henwood by Doug Henwood

Behind the News with Doug Henwood

515 Listeners

Jacobin Radio by Jacobin

Jacobin Radio

1,460 Listeners

Ralph Nader Radio Hour by Ralph Nader

Ralph Nader Radio Hour

1,199 Listeners

The Katie Halper Show by Katie Halper

The Katie Halper Show

1,511 Listeners

Pitchfork Economics with Nick Hanauer by Civic Ventures

Pitchfork Economics with Nick Hanauer

1,483 Listeners

Useful Idiots with Katie Halper and Aaron Maté by Useful Idiots, LLC

Useful Idiots with Katie Halper and Aaron Maté

4,455 Listeners

Bad Faith by Briahna Joy Gray

Bad Faith

2,706 Listeners

The Socialist Program with Brian Becker by The Socialist Program

The Socialist Program with Brian Becker

558 Listeners

The Ezra Klein Show by New York Times Opinion

The Ezra Klein Show

15,849 Listeners

Makdisi Street by Makdisi Bros.

Makdisi Street

475 Listeners

Geopolitical Economy Report by Ben Norton

Geopolitical Economy Report

307 Listeners

The Chris Hedges Report by Chris Hedges

The Chris Hedges Report

349 Listeners