Ticking time bomb: The real reason everything is about to cost more

Ticking time bomb: The real reason everything is about to cost more

We speak to Richard Wolff, a prominent Marxist economist, about the economic fallout from the war on Iran, which recently reached the six-month mark. “Because it’s only been going on for a few months, the impact on the prices we pay is about to unload itself,” says Wolff.The U.S. national debt, which recently topped $40 trillion, is “one of the many signs of an economy and of an empire that is now in decline,” says Wolff. “There is an enormous i…