4.2 • 5.3K Ratings
🗓️ 4 November 2024
⏱️ 20 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | This year's election has touched on a lot of different issues, but there's one thing the candidates can't seem to stop talking about. |
0:12.9 | Listen, I know prices are too high still. You know prices are too high still. |
0:18.2 | We have an inflation crisis. I will take on the high costs that matter most to most Americans. |
0:25.7 | This is inflation. |
0:27.0 | This is what's happened. |
0:28.8 | A loaf of bread cost 50% more today than it did before the pandemic. |
0:33.7 | Baby formula is up 30%, flowers up 38%. Ground beef is up almost 50%. |
0:41.2 | Eggs are up 46% and many items are up at much higher rates than that. And voters are talking |
0:48.4 | about it too. One thing we learned over the last few years is that people really hate inflation, and so of course |
0:55.4 | it's going to be a salient political issue. |
0:58.0 | That's our colleague Nick Timrose, Chief Economics correspondent. |
1:01.8 | After two years of rising prices, the rate of inflation is slowed down dramatically, but |
1:07.5 | the country is still on edge, and the government hasn't declared victory yet. |
1:13.9 | Both candidates agree that inflation is a problem, but when you look at their actual plans, |
1:18.6 | are either of them good for inflation? |
1:22.2 | They both take different approaches. Let's put it that way. They both take different approaches |
1:26.6 | to dealing with |
1:27.6 | inflation. And economists have questions about both of them, but really more about one of them |
1:34.5 | in terms of whether that's going to create more risks for inflation going forward. |
1:42.2 | Welcome to The Journal, our show about money, business, and power. |
1:46.8 | I'm Ryan Knutzen. |
1:48.4 | It's Monday, November 4th. |
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