ZNet: Neo-Liberal Economic Policies in the United States: The Impact on American Workers
by Kim Scipes
Although most discussions of the impact of neo-liberal economic policies focus on the countries of the Global South, these policies have been implemented in the United States as well. This began in 1982, when the Chairman of the US Federal Reserve, Paul Volcker, launched a vicious attack on inflation in the US money supply—and caused the deepest US recession since the Great Depression of the late 1920s-1930s.