Is everyone pretending to understand inflation (or just me)?

Search Engine

PJ Vogt

Society & Culture, Business, Technology

4.8 • 3.9K Ratings

🗓️ 20 September 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

The single issue that might decide the upcoming presidential election also happens to be: very confusing. Political economist Mark Blyth helps us understand: how inflation starts, how inflation is stopped, and shares his theory about why the powers-that-be may be just as confused about inflation as we are. Support the show: searchengine.show To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:20.7	I'm a journalist.
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0:24.4	Americans coal miners, gun shop clerks, staffers in the White House mailroom. In my
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1:19.0	I am typically pretty comfortable with embarrassing public disclosures,
1:24.3	but I have been struggling with this one. I genuinely do not understand inflation.
1:40.0	I'm not joking about either part of this. I both don't understand inflation and I find my confusion about it somewhat embarrassing. Like when I'm listening to NPR and they start talking about how the Fed might hike interest rates or something something cool down or something something soft landing the words themselves hit my brain and my brain starts to shake and melt like jello in a microwave.
1:56.7	Inflation talk makes me feel like I missed a class in school. And honestly, it's about the
2:01.3	I did. I missed tons of classes in school.
2:04.1	It's just, this is the one that is now bothering me.
	...

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