Inflation, Explained

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 18 February 2022

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

#365: Nearly every financial news story for the past several months has centered around inflation – but what, exactly, is inflation? What are its causes? What are its effects? How is it measured? What notable inflationary events have unfolded throughout history, and what can we learn from these? In this episode, we peel back the layers of the onion in order to deepen our understanding of the concept of inflation. We discuss hyperinflation, biflation, stagflation; we discuss the CPI, the PPI, and core inflation. We discuss the demand-pull inflation, cost-push inflation and the wage-price spiral. We resist the temptation to make predictions about the future, choosing instead to focus on refining our understanding of the present. Enjoy! For more information, visit the show notes at https://affordanything.com/episode365 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything, you just can't afford everything.
0:12.4	Every choice that you make is a trade-off against something else and that doesn't just
0:16.2	apply to your money.
0:17.5	That applies to your time, your focus, your energy, your attention to any limited resource
0:23.8	that you need to manage, saying yes to something implicitly means turning away all other opportunities
0:29.9	and that opens up to critical questions.
0:33.5	First, what matters most, not what does society say ought to matter most, but what is truly
0:40.3	a priority, a value in your life?
0:43.2	That's the first question and the second question is how do you put that into action?
0:46.8	How do you make decisions that reflect that which matters most?
0:52.5	Answering these two questions is a lifetime practice and that's what this podcast is here
0:56.6	to explore and facilitate.
0:59.0	My name is Paula Pant.
1:00.6	I'm the host of the Affordable Care Support and in today's episode we're going to take
1:06.1	a deep dive into understanding inflation.
1:11.2	It's a hot topic, it's been on everyone's mind, it's the subject of news reports, headlines,
1:17.3	cocktail party conversation, what is inflation?
1:21.0	Today's episode will be an explainer episode.
1:25.5	To peel back the layers of the onion and understand what this concept truly is.
1:32.8	First a few disclaimers before we get started.
1:35.3	Number one, we are not trying to predict the future.
1:39.0	We are simply trying to make sense of the present.
	...

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