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The David McWilliams Podcast

187 - The return of inflation

The David McWilliams Podcast

David McWilliams

News & Politics

4.6643 Ratings

🗓️ 11 November 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

It’s no secret that we’ve been living in inflationary times, but inflation is always the harbinger of higher interest rates and if they were to go up, what happens? Lessons from Zillow, the problem of tomorrow's big data, yesterday's invented barter, and the amount of debt out there and a central banks that gets spooked. Fascinating stuff. Its all about inflation, transitory or temporary? Today we’re joined by Rob Armstrong in New York to explore.

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Transcript

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0:00.0

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0:43.9

What in the world is happening on Wall Street?

0:46.0

Economic indicators. Who knows where this is going to end up?

0:49.6

To understand the economy, you have to understand human nature.

0:55.7

This podcast is powered by ACAST.

1:01.5

How are you doing there? It is podcast time. How are you, man?

1:05.7

I'm very good. I'm very good. The course is doing a storm.

1:09.5

The course is doing, yes. So thank you all very much,

1:12.9

all those who joined me on Patreon to learn economics. Our new course is international trade and

1:18.7

money. It's a sort of a brand new course, not unlike the course I give in Trinity, on what I would

1:25.6

call the funky world of international trade. So what we're doing

1:28.7

is we're moving. This course is bring us towards crypto. It's the whole history of money,

1:33.3

where it came from, how it changed the world, etc. And one of the great things is to look at the

1:37.3

myths. But this one is on the myth of barter. Do you know the barter, right? Bartter's really

1:41.8

hilarious, John. You know the economists say, oh yes, well, clearly the world started with barter.

1:46.7

I'd swap you a goat for a pound of sugar.

1:50.8

Exactly, right, a goat for a pound of sugar.

...

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