Economist and Professor Dr. Richard Wolff sets the record straight
Economist and Professor Dr. Richard Wolff appeared at our KPFT 90.1 FM fundraiser. We titled the event an Evening with Richard Wolff. I became a big fan of Dr. Wolff's teachings right after the the 2008 great recession. His video and book "Capitalism Hits The Fan" are a must. It gives a complete understanding of the current state of the middle-class and its demise.
It is time for economists to speak up about the economic realities that affects us and challenge lobbyist driven self-serving lies that prevent good policies. I asked Dr. Wolff a question that has been a constant burn for me. Many Conservatives and a few Liberal politicians have been selling a false narrative. They claim that a dollar given to the government is inefficient compared to a dollar given to private enterprise.
The reality is 'a dollar knows not from where it is spent." I said as much in my book "As I See it: Class Warfare the only resort to Right Wing doom." Dr. Wolff confirmed my assertion. Wolff said that it all depends on how government or private enterprise spends the dollar.
Richard Wolff dispels the fallacy from the Right. Listen to the entire five and half minute interview. Remember to share this post to ensure others who are indoctrinated get a reprieve.