Manage episode 250501854 series 2437099
Economist Richard Wolff joins Thom to make the case that the strength of the economy is really a mirage since the underlying wages of most people are stagnant or falling, so why does the stock market appear to be doing so well? If we're in a good economy why is the Federal Reserve creating so much debt, and how dangerous will the next economic downturn be with so much money owed throughout the system?
Other topics in the show- Will it take a billionaire to stop the billionaires?.. Why are minimum wages being increased in certain states and not others?.. Have Trump-supporting farmers figured out they've been conned?.. Was Adam Smith's theory of the 'invisible hand' misunderstood all along anyway?..