“Inflation Blame Game.” Dollars & Sense, no. 361, July-Aug. 2022, p. 1. Gale Academic OneFile, link.gale.com/apps/doc/A718217463/AONE?u=cuny_nytc&sid=bookmark-AONE&xid=28a5781f. Accessed 21 Nov. 2022.
“Mainstream economists and media commentators take the easy route and blame today’s inflation on “the usual scapegoats “–greedy workers and profligate government spending. Such explanations tee up what Miller calls “class-war macroeconomic policy strategy “–interest rate hikes that drive the economy into recession–that is “intended to repress wages and assure robust profits. ” But since this approach is blaming the wrong culprits, it is unlikely to tamp down on inflation.”
Leave a Reply