MSNBC's Lawrence O'Donnell is joined by Yale Professor Jeffrey Sonnenfeld to discuss the latest evidence of the successes of Biden's economic policies. Sonnenfeld says Biden is having the strongest positive effect on the economy of any president since FDR.
Worker are harmed more by inflation than low interest rates. The wealthy can ride out inflation with investments. Workers effectively have their salaries lowered by inflation.
High interest rates also affect the working class via mortgage increases and Rental properties increasing rent to deal with increased interest rates.
Inflation also causes rents to increase. And everything else.