Inflation rises (again).
Tangle
Isaac Saul
4.8 • 672 Ratings
🗓️ 15 November 2021
⏱️ 28 minutes
🧾️ Download transcript
Summary
On Wednesday, the government said its consumer price index rose in October 6.2% from a year ago — the largest 12 month jump in 31 years, since 1990. Because of the unique economic recovery we've been living in, economists have been debating whether inflation is "transitory" or not — fundamentally unsure if it will pass on or settle in. Many on the left have argued that the inflation we're seeing is due primarily to things like supply chain snarls, and will resolve itself on its own as the economic disruptions shake out. Others have argued that inflation is the result of government spending, comparing our relatively higher numbers to many European countries experiencing supply chain issues, and saying we need policy changes as well.
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Transcript
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| 0:35.2 | From executive producer Isaac Saul, this is Tangle. |
| 0:40.7 | Thank you. |
| 0:40.8 | Thank you. Good morning, good afternoon and good evening and welcome to the Tangle podcast, a place where you get views from across the political spectrum, some independent thinking without all that hysterical nonsense you find everywhere else. |
| 1:05.3 | I'm your host, Isaac Saul, and I hope you had a great weekend. It's getting cold. It feels like winter in New York City today. |
| 1:12.8 | So I'm excited to be bundled up in the booth recording. Today we're going to be covering some |
| 1:19.1 | less than exciting news. It's some of the information and statistics and stories around |
| 1:24.6 | inflation in the U.S. and what it means for President Biden, the economy, |
| 1:29.7 | Americans at large. But as always, before we jump in, we'll start with some quick hits from the news. |
| 1:52.6 | First up, Democrat Beto O'Rourke announced he is going to run for governor of Texas. |
| 1:59.0 | This was expected in some Democratic circles, but O'Rourke made it official today with an announcement. |
| 2:02.0 | Number two, longtime advocates of paid family leave are trying to re-insert language to include it in President Biden's build-back better plan. |
| 2:08.2 | Number three, attorneys will make closing arguments on Monday in the trial of Kyle Rittenhouse, |
| 2:13.5 | who is accused of homicide after shooting three people during the Kenosha Wisconsin riots last year. |
| 2:19.9 | Number four, Steve Bannon, the longtime ally of President Trump, surrendered to federal |
| 2:24.8 | authorities on contempt charges Monday after defying a subpoena to testify before Congress. |
| 2:31.0 | Number five, a group of Republicans will join President Biden at the White House this afternoon |
| 2:35.7 | when he signs his infrastructure, investment, and jobs act into law. |
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