Excuseflation
Today, Explained
Vox
4.3 • 10.3K Ratings
🗓️ 6 July 2023
⏱️ 27 minutes
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| 0:00.0 | This year, a really interesting new idea appeared in mainstream economics. |
| 0:07.1 | The idea is that the inflation we've been struggling with is due to corporations realizing |
| 0:11.7 | they can charge us more and we will pay a new cause of inflation. |
| 0:16.5 | Now, at this point, we've had a good understanding of what causes inflation. |
| 0:20.1 | Too much money chasing too few goods is the Econ 101 explanation. |
| 0:24.2 | And of course, when supply chains break down as they did during the pandemic, that'll contribute |
| 0:28.3 | too. |
| 0:29.3 | It may have felt recently that things are more expensive than they should be. |
| 0:32.9 | That the crisis created by the PANee is coming to a close, but prices are still very high. |
| 0:38.1 | Two Econ writers recently dug into the question of whether old-fashioned inflation is the reason |
| 0:42.4 | for all of the higher prices or whether something else is going on. |
| 0:46.3 | There seems to be a reluctance on the part of businesses to start to bring prices down. |
| 0:53.3 | Coming up on today, explained the hidden drivers of inflation. |
| 0:59.5 | Thanks to WhatsApp for sponsoring this episode. |
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| 1:24.4 | and read by your intended recipients. |
| 1:26.6 | Switch to the app that offers simple, reliable, private messaging with end-to-end encryption built-in. |
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