Debasement all around: lessons from 16th-century inflation
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 28 December 2022
⏱️ ? minutes
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| 0:00.0 | Hello and welcome to the Intelligence from the Economist. |
| 0:06.4 | In London, I'm Jason Palmer. |
| 0:08.4 | And in New York, I'm John Fassman. |
| 0:11.4 | Every weekday we provide a fresh perspective on the events, shape the world. |
| 0:18.2 | Not far from Indonesia's capital lies a community of thousands who live a religious, ascetic |
| 0:23.6 | life. |
| 0:24.6 | Our correspondent meets with the Bad Wee people and finds some edging out into the modern |
| 0:29.1 | world just as that world encroaches on their way of life. |
| 0:34.8 | And every dog must have its day, but some get more days than others. |
| 0:39.4 | Our data team comb through the numbers to determine what determines a breed's popularity. |
| 0:46.1 | It varies by country, but it turns out that starring in a movie really helps. |
| 0:55.8 | The emergence of COVID-19 brought about a global health crisis and danger in millions of |
| 1:09.8 | lives. |
| 1:11.6 | But it also resurrected an old enemy that economists, politicians, and bankers, especially in advanced |
| 1:17.9 | countries, had come to see as no longer much of a threat. |
| 1:22.9 | Conflation, my colleagues and I are strongly committed to bringing inflation back down to |
| 1:27.6 | our 2% goal. |
| 1:30.2 | We have both the tools that we need and the resolve it will take to restore price stability |
| 1:34.1 | on behalf of American families and businesses. |
| 1:37.2 | Today's surge in prices, only a year or so old, has already had profound social and |
| 1:42.9 | political consequences. |
| 1:45.9 | Consumer confidence is at rock bottom as real wage is decline. |
... |
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