We talk with Dean Baker, Senior Economist, Center for Economic Research, about the Federal Reserve, and its effects on the economy. The function of the Fed is to keep prices stable, and ensure full employment. We talk about tax policy, which ensures that the rich keep more of their gains than working people, and how this can be addressed.
We have a discussion with Bob Hennelly, who is a labor reporter. We discuss how the rich treat the taxes as something to be avoided. Money is being moved globally, and labor is treated dismissively. The tax structure favors capital over people.