Over the past year, the federal reserve has raised interest rates repeatedly in its attempt to curb inflation. On this week’s On The Media, is greed to blame for our inflation woes? Plus, how a century-long PR campaign taught Americans to love the free market and loathe their own government.

1. Lydia DePillis [@lydiadepillis], economy reporter at The New York Times, on what "greedflation" actually is. Listen.

2. Naomi Oreskes [@NaomiOreskes], professor of the history of science at Harvard University and the co-author, with Erik M. Conway, of “The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market,” on century-old PR campaign, conducted by big business, to imbue Americans with a quasi-religious belief in the free market. Listen.

3. China Miéville, a speculative fiction writer and author of the recent book, "A Spectre, Haunting: On the Communist Manifesto," on the ebb and flow of the text’s popularity through the decades, and what we might draw from it today. Listen.

Music:
Nocturne No.1 in B-Flat Major Op.9. No1 (Chopin) - Ivan Moravec
Ballade No. 2 in F, Op. 38 (Chopin) - Maurizio Pollini
March for the 3rd Regiment of Foot - Liberty Tree Wind Players
The New East Louis Toodle-Oo (Duke Ellington)
The People United Will Never Be Defeated - Carla Bley, Charlie Haden, Don Cherry
Stolen Moments - Ahmad Jamal Trio

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Money, Money, Money 50:59 Share

On the Media

What is 'greedflation'?

How did American business teach us to love the free market?

The ebb and flow of the Communist Manifesto through the decades

Shownotes Transcript

Money, Money, Money