Chapter
Inflation and Psychology
16:05 - 25:20 (09:15)
This podcast discusses the idea that controlling inflationary psychology is crucial to preventing economic downturns in the future. It examines how people's beliefs about inflation and their behaviors towards it ultimately impact the economy.
Clips
The belief that better deals are possible and inflation is not consistent throughout the economy can lead to frustration when the cost of goods goes up, and efforts to save money are offset by the expense of driving to get better prices.
16:05 - 18:49 (02:44)
Summary
The belief that better deals are possible and inflation is not consistent throughout the economy can lead to frustration when the cost of goods goes up, and efforts to save money are offset by the expense of driving to get better prices.
ChapterInflation and Psychology
EpisodeHow Expecting Inflation Can Actually Create More Inflation
PodcastThe Daily
In this podcast episode, the speaker discusses the pressure on businesses to raise prices in response to increasing costs, as seen in the example of a landlord contemplating raising rent due to rising expenses.
18:49 - 22:55 (04:05)
Summary
In this podcast episode, the speaker discusses the pressure on businesses to raise prices in response to increasing costs, as seen in the example of a landlord contemplating raising rent due to rising expenses.
ChapterInflation and Psychology
EpisodeHow Expecting Inflation Can Actually Create More Inflation
PodcastThe Daily
The Federal Reserve aims to prevent inflationary psychology from taking hold in the economy, in order to avoid a painful recession to stamp out inflation.
22:55 - 25:20 (02:25)
Summary
The Federal Reserve aims to prevent inflationary psychology from taking hold in the economy, in order to avoid a painful recession to stamp out inflation. A possible solution to vanquish inflation could be through a recession, although not favorable.