Alternative Visions- Key Economic Developments Year End 2024

Alternative Visions

Today’s show discusses the key economic events of recent weeks and their relevance to economic policy in 2025. Why did the debt-ceiling deal collapse and then pass last week. What does it mean. Trump’s fiscal strategy taking shape: tariffs, tax cuts, and austerity social spending cuts coming. Musk-Swarmy’s DOGE. Why it won’t resolve the chronic $1 trillion plus annual budget deficits, rising national debt, and $ trillion annual payments to rich bondholders. Neoliberalism fiscal contradictions and crisis will continue. What’s Musk’s DOGE plans? Why the Fed cut interest rates but admitted inflation is rising into 2025. Why inflation will continue to rise. As rates rise will a rising dollar in turn precipitate a global currency war? (Next week show: review of key events of 2024 and my predictions for 2024 made December 2023 last year)