#WolffBites: Trump says "I love the inflation." Because it is great for his employer buddies. By prices rising faster than wages, wealth gets redistributed upwards from employees to employers. The MAGA hero.
https://t.co/9vTgINH4TP
“A minimum wage natural experiment has been running for over a decade” by Prof @arindube. Must read thread to understand the impact of minimum wages on earnings and employment.
#WolffBites: US economy not so great now: highest credit card debt in history PLUS highest rate of credit card delinquency ever. Households are desperate: "There's too much month at the end of the money..."
https://t.co/4MCbfjRhnt
📺 | #DiEM25 | @yanisvaroufakis y @profwolff examinan los orígenes del sistema del petrodólar, el papel cambiante del poder estadounidense, las consecuencias económicas del conflicto en Irán y las crisis que configuran el capitalismo global actual.
🔗 https://t.co/LWb9bAJHhG
#WolffBites: US savings rate now very low 2.6% (what we save out of our disposable personal incomes). Prices up faster than wages cuts savings across Trump's 2nd term. We risk our futures if we cannot save now. Trump's economy is not "great."
https://t.co/kMjLAZKn7f
#WolffBites: In this planet's era of anti-colonialism and amid the rise of the global south, Israel's attempt to expand its settler colonialism becomes ever more desperate as does its alliance with the declining US empire