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A baited the billionaire class is only getting wealthier their wealth has skyrocketed 20 percent or so ive 184000000000. 00 since the start of the pandemic slash law how will his back shape the coming recovery and is a permanent underclass the new normal. To discuss this and more im joined by my guest Richard Wolffe in new york is a Professor Emeritus of economics at the university of massachusetts amherst as well as the author of the recent books understanding socialism and understanding marxism and in chicago or which he has a chief marketing strategist bubba trading all right gentleman rule...

Doesnt do much better the industrialized world is more or less in the same position but at the same time as they say you know we how the wealthiest among us reaping in enormous revenues and profits here and the unemployment depending on who you want to look at it from 13 maybe 17 percent and thats not going to go away any time soon so whats really happening with the the economy or its a recession deep recession for many and its a goldilocks time for some. I think when you look at the overall picture and i mean this is if you are back of the origination of the Federal Reserve i think this is ki...

Its only recently that the average guy can actually grow some money to get in so they threw a fry and bad conditions and actually ive always built well under the toughest conditions because they have the access to capital and others dont they have the ways they get the money others dont so their businesses are allowed to thrive well everybody else is out of business you come by where i am in chicago and almost every Small Business is going to be out of business i had time to selling is over not just wipe out 5 an entire class of people because you allowed the wealthy to go out and thrive throu...

This is if you go back to the origination of the Federal Reserve i think this is kind of their plan all along this is part of the Worlds Largest legalized. They can do has allowed the rich to get richer as times get tougher you know for years theyve had access to this cash and capital to borrow its only recently that the average guy can actually brought some money to get in so they threw a fry and bad conditions and actually ive always built well under the toughest conditions because they have the access to capital that others dont they have the ways they get the money others dont so their bus...

Book the accidental president , now we have him here virtually to talk about his new book about the 1948 elections going 78 years to another Election Year and you will be amazed how similar it sounds in some ways and in others what is different is politicians were all younger than they are today. That is one big difference. Take it away and tell us about the overview of the book. I want to say a couple things. Thank you for having me lose the Commonwealth Club is a wonderful place to be. I know books, i fell in love with reading when i was 6 years old because books can transport you to another...