The unchecked power of the Federal Reserve claims its current, never ending rate hike strategy is about curbing inflation. It is not, according to our guest today, economics professor Clara Mattei. That we have become so used to it we don’t see what it’s really doing, that the sacrifice is hardly collective. It’s never about balancing the budget; it arose from the fear by the wealth holders of the economic disorder post-WWI. She argues that liberal international monetary policy then and now is about protecting the wealthy and paving the way for fascism. Listen in to learn about austerity’s dark intellectual origins and intent.

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