BREAKDOWN: 'Putin's Price Hike' vs. 'Bidenflation' – The Blame Battle on Inflation Heats Up
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 April 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Will consumers buy because rising prices are just due to the Russian war in Ukraine?
This episode is sponsored by Nexo.io, Arculus and FTX US.
March saw the U.S.’ highest year-over-year inflation print since 1981, coming in at 8.5%. NLW explores why the discussion around inflation is taking an even more pitched and aggressive turn and how the market responded to the March numbers.
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Sean Gallup/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Wednesday, April 13th, and today we are talking about the narrative |
| 0:28.0 | battle around inflation, which last month hit 8.5%, the highest number since 1981. Before we get |
| 0:36.4 | into that, however, if you are enjoying the breakdown, |
| 0:38.9 | please go subscribe to it wherever you listen to podcasts. Leave us five stars or leave a review, |
| 0:45.3 | or if you want to get deeper into the conversation with some really sharp folks, |
| 0:50.1 | come join us on the Breakers Discord. You can find a link in the show notes or go to bit. |
| 0:54.0 | That's ly. That's ly.com. |
| 0:54.8 | That's L.Y slash breakdown pod. |
| 0:57.6 | Also, a disclosure, as always, in addition to them being a sponsor of the show, I also work with FTX. |
| 1:04.0 | Also, if you haven't registered yet, I highly suggest you check out CoinDesks Consensus 2020. |
| 1:10.3 | It's happening June 9th through June 12th, and this year |
| 1:12.9 | is in Austin, Texas. What's cool about consensus is that this really hits all aspects of the |
| 1:18.5 | crypto ecosystem, from blockchains to Web 3 to Metaverse, and is designed for everyone from |
| 1:23.8 | newbies to investors, to entrepreneurs, to developers developers and more. They're going to be great |
| 1:28.2 | guests, great audience, great events. And if you want to go, use the code breakdown to get 15% |
| 1:33.8 | off your pass and you can sign up at coin desk.com slash consensus 2022. Lastly, and I apologize |
| 1:40.7 | for the long intro today, guys, but I want to say congrats to one of our sponsors and longtime supporters of the show, Nexo, who have, in partnership with MasterCard, launched what |
| 1:48.5 | they're calling a crypto-backed payment card in Europe. Basically, the idea here is that instead |
| 1:53.2 | of a credit or debit card that actually converts and sells your crypto, this card uses crypto as |
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