BREAKDOWN: The Real Story of Inflation Right Now
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 April 2021
⏱️ 16 minutes
🧾️ Download transcript
Summary
New CPI numbers show growing inflation, but is that the whole story?
This episode is sponsored by Nexo.io.
There is perhaps no question more debated in macroeconomics than what sort of inflation we’re likely to see in the coming years. Many are convinced that the combination of a growing money supply, expansionary monetary policy, pent-up demand, reshoring of manufacturing and more are pointing us to a secular inflation era. Others say the forces of deflation and disinflation, like technology and demography, are too strong.
In today’s episode, NLW looks at not only the latest Consumer Price Index numbers released today, but also recent Producer Price Index surveys, wage growth and more to try to put together a more complex, nuanced picture of the likely inflation scenarios going forward.
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Transcript
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| 0:49.5 | When one really wants to understand this question of inflation, you have to look at some of the |
| 0:53.9 | long-term shifts, not just the short-term numbers. That's everything from the doubling down |
| 0:58.2 | on deficit spending by a U.S. government who believes they can push it farther without causing |
| 1:02.3 | inflation, to the shift back to domestic manufacturing. In many ways, the more one can remove |
| 1:07.7 | oneself from specific short-term inputs and measures like the CPI, the more one |
| 1:11.9 | is likely to be able to develop a personal theory on where the world is headed. |
| 1:16.8 | Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the |
| 1:23.8 | big-picture power shifts remaking our world. |
| 1:32.4 | The breakdown is sponsored by nexo.io and produced and distributed by CoinDes. |
| 1:40.8 | What's going on, guys? It is Tuesday, April 13th, and today we are talking about the real story of inflation right now. New consumer price index or CPI numbers are out from the Bureau |
| 1:46.8 | of Labor Statistics, and this is the latest entrant into the great inflation debate. I want to |
| 1:52.5 | discuss the complexity of that conversation, but to do so, we have to go back in time just a little |
... |
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