This podcast episode discusses the shift in the narrative on inflation from "don't worry about inflation" to "inflation is transitory" to "inflation is actually a great thing." The host also provides a simple explanation of inflation and shares a supercut of leftists discussing the topic.
This podcast discusses how inflation can cause an unsustainable boom and recession, ultimately leading to a decrease in spending. The belief that people spend solely to keep the economy going is debunked.
The CPI has gone up 6.2% in October, which is the highest jump in 31 years since 1990. This has sparked a cultural and structural change where people are demanding more pay and better benefits, which is also pulling people from non-traditional job classes into those jobs.
Inflation is affecting people's bottom line by hundreds of dollars a week or month with prices of essential goods skyrocketing by 7% to 10%, while wages barely move up. The impact is more significant for the working class while the upper class remains unaffected.
In this podcast, the speakers explain the concept of inflation and how it impacts the economy. They discuss the rising prices of goods and services over time and compare them to the prices in the past decades.