Ro Khanna

@RoKhanna ↗

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Last Checked May 21, 2022

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Wed Apr 20 14:42:24 +0000 2022

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Ro Khanna @RoKhanna

@ne0liberal Neoliberalism prioritized cheap consumer goods. That’s one way to lower inflation (increase denominator). The cost was hollowing out of the middle class & rise of populism. I am saying massively increase production & productivity here which will create jobs and be deflationary. — PolitiTweet.org

Posted April 20, 2022

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Ro Khanna @RoKhanna

@besttrousers @ne0liberal I am talking about public private investment to build new plants (steel we need for offshore wind), batteries, EV and to increase productivity. You can have deflation by having exploited labor in China but that hollows out the middle class. Or you can produce more stuff here! — PolitiTweet.org

Posted April 20, 2022

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Ro Khanna @RoKhanna

@besttrousers @ne0liberal The vast majority of inflation is a monetary phenomena by increasing money supply (Powell) or caused by fed buying treasury bonds for non productive deficit spending. Increasing productivity is a better way to tackle inflation than relying on cheap imports from exploited labor. — PolitiTweet.org

Posted April 20, 2022