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What Next | Daily News and Analysis

How to Fix the Economy

What Next | Daily News and Analysis

Slate Podcasts

News, News Commentary, Daily News

4.32.4K Ratings

🗓️ 7 July 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Last month, inflation hit a new 40-year high. Americans are feeling it in their grocery bills, at the gas pump, in airline tickets, electrical bills, and rental costs. What can be done to combat rising prices in the current economy – and at what price?  Guest: Jordan Weissmann, senior editor and writer at Slate focused on economics, politics, and public policy. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:36.9

Sometimes I look at the prices I'm paying at the grocery store, or the way my electric

0:41.3

bill is skyrocketing. And I wonder, how did we get here? Here being this very weird economy

0:49.0

whose chief feature at the moment seems to be ballooning inflation. It does not help

0:54.3

that I have a car, and that car needs gas. It is nearly five bucks a gallon where I live.

1:03.3

It's the only price that every single American sees a sign for on every stretch of every

1:08.7

highway. Right? Like it's the most, it's the most omnipresent price that Americans regularly

1:14.7

encounter, except for maybe milk, no even more so than milk. There aren't highway

1:18.5

signs with milk prices. Slates Jordan Weisman is the guy I call when I have questions

1:23.9

about the economy. And I've got a ton of those at the moment.

1:34.9

I feel like there's so many things happening at once in the economy right now. Like housing

1:39.7

prices are really high. The stock market is behaving erratically. And of course inflation

1:45.7

is like all around. Do all these things have the same cause?

1:51.7

That is a interesting question. That's kind of a philosophical question.

2:02.7

Like, you know how I do, Jordan. You know, it depends on how you want to answer that

2:10.7

question. I'm going to say no, but you could say yes. All right, depends on how you want to look at it.

2:19.7

Jordan is like the Marie condo of the economy. By that, I mean, he loves mess. What he sees right now,

...

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