2020-08-10 12:08:43
On this week's show, Prof. Wolff discusses the following: the US is a poor place to raise kids according to a recent Forbes' magazine article, the collapsing restaurant industry, eviction policy (France vs US), Bugatti cars for very rich kids, and Pfizer CEO wants big profits from Covid-19 vaccine. On the second half of the show, Prof. Wolff talks with former Goldman Sachs banker Nomi Prins on how the Fed rigs US money supply in disastrous ways.
Nomi Prins is a former Wall Street executive, who worked as a managing director at Goldman Sachs in New York, and as a senior managing director at Bear Stearns in London, as well as holding posts at Lehman Brothers and the Chase Manhattan Bank. She left Wall Street to become an investigative journalist, author, international speaker and advisor on financial-economic matters. She has written six books, including her latest book "Collusion: How Central Bankers Rigged the World."
Economic Update with Richard D. Wolff takes complex economic issues and makes them understandable, empowering listeners with information to analyze not only their financial situation but the economy at large.
By focusing on the economic dimensions of everyday life - wages, jobs, taxes, debts, interest rates, prices, and profits - the program explores alternative ways to organize markets and government policies.
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