How to Tackle the Inflation Crisis in the Interests of the Working Class

<p>On today's episode Walter Smolarek and Prof. Richard Wolff discuss how the Federal Reserve raised interest rates at the highest rate in over 20 years, signaling a major shift in policy as it attempts to tackle the spiraling inflation crisis. But will this maneuver work? Or is it likely to instead spark a new recession?</p> <p>Professor Richard Wolff is an author &amp; co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.</p> <p>Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at <a href="https://gate.sc/?url=http%3A%2F%2Fpatreon.com%2Fthesocialistprogram&amp;token=bc55dd-1-1652269271147" rel="nofollow ugc" target="_blank" title="http://patreon.com/thesocialistprogram">patreon.com/thesocialistprogram</a>. &nbsp;We rely on the generous support of our listeners to keep bringing you &nbsp;consistent, high-quality shows. All Patreon donors of $5 a month or more &nbsp;are invited to join the monthly Q&amp;A seminar with Brian.</p>