Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.
Michael HudsonThe ideological foundation of today's business schools is that economic control should be shifted out of government hands into those of financial managers - that is, Wall Street.
Michael HudsonEurope is acting in a very self-destructive manner, but is doing so because it's trying to be loyal to the United States.
Michael HudsonWhen you say "paying the banks," what they really mean is paying the bank bondholders. They are basically the One Percent.
Michael Hudson