Chapter
The Connection Between Wages, Unemployment and Inflation
57:40 - 1:04:47 (07:07)
The Bank of England's governor stated that workers should ask for less wages to keep inflation down. The conversation highlights the relationship between wages, unemployment and inflation.
Clips
In this conversation, the focus is on identifying inflationary barriers in fiscal spending and creating plans with antitrust and planning divisions.
57:40 - 1:00:00 (02:20)
Summary
In this conversation, the focus is on identifying inflationary barriers in fiscal spending and creating plans with antitrust and planning divisions. The idea of financing fiscal spending through new money creation is discussed as a potential solution.
ChapterThe Connection Between Wages, Unemployment and Inflation
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
The concept of "full employment" is a key factor in a central banker's decision-making process, as pushing unemployment levels too low can lead to inflationary pressures.
1:00:00 - 1:02:37 (02:37)
Summary
The concept of "full employment" is a key factor in a central banker's decision-making process, as pushing unemployment levels too low can lead to inflationary pressures. However, some theorists argue that there should be no acceptable unemployment level, and that more aggressive stimulus efforts should be taken to boost employment.
ChapterThe Connection Between Wages, Unemployment and Inflation
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
The conversation focuses on how to deal with rising wages and prices and discusses different levers to control them, such as regulating prices directly or shaming companies for raising their prices.
1:02:37 - 1:04:47 (02:09)
Summary
The conversation focuses on how to deal with rising wages and prices and discusses different levers to control them, such as regulating prices directly or shaming companies for raising their prices.