Making Sense of Inflation

The PoliticsGirl Podcast

MeidasTouch Network, Leigh McGowan

News Commentary, Politics, News

4.9 • 3.3K Ratings

🗓️ 22 February 2022

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation is an obvious problem in America right now. The cause, however, is little less obvious. We have a supply chain problem due to the pandemic, but we also have companies recording record profits, and one whole political party who would rather weaponize inflation than solve it. I’m no financial expert but when this many people are talking about the same thing, it’s important for us to at least understand the broad strokes so we’re dialed in and asking the right questions. If you’ve ever been confused by economics you aren’t alone, join me as we break it down. Please RATE and SUBSCRIBE so we can grow the show, open the dialogue and inspire better change moving forward! All my links here!: https://linktr.ee/politicsgirl Thank you to today’s sponsors! http://www.AthleticGreens.com/politicsgirl http://www.Apostrophe.com/politicsgirl http://www.Wondrium.com/politicsgirl The PoliticsGirl Podcast is a Meidas Touch original podcast produced by Happy Warrior Entertainment. Big thanks to Julia Lee Stander for her help with research this week. Sources: https://www.thebalance.com/what-is-inflation-357610 https://kids.kiddle.co/Inflation https://www.businessinsider.com/corporations-using-inflation-as-excuse-to-reap-fatter-profits-reich-2021-11 https://www.nbcnews.com/business/economy/biden-nominates-jerome-powell-second-term-federal-reserve-rcna4696 https://www.forbes.com/advisor/investing/why-is-inflation-rising-right-now/ https://www.nytimes.com/article/inflation-definition.html https://www.bloomberg.com/news/articles/2021-11-30/fattest-profits-since-1950-debunk-inflation-story-spun-by-ceos?utm_campaign=socialflow-organic&utm_content=business&cmpid=socialflow-twitter-business&utm_source=twitter&utm_medium=social https://www.pbs.org/newshour/economy/ap-explainer-why-us-inflation-is-so-high-and-when-it-may-ease https://www.theguardian.com/commentisfree/2021/nov/11/us-inflation-market-power-america-antitrust-robert-reich https://www.reuters.com/business/meat-packers-profit-margins-jumped-300-during-pandemic-white-house-economics-2021-12-10/ https://apnews.com/article/latest-inflation-numbers-consumer-prices-616055db3bf67691b4fdc0015fc00783?utm_campaign=SocialFlow&utm_medium=AP&utm_source=Twitter https://podcasts.apple.com/us/podcast/today-explained/id1346207297?i=1000542026490 https://podcasts.apple.com/us/podcast/kcrws-left-right-center/id73329771?i=1000541579199 https://robertreich.substack.com/p/unvarnished-truth-inflation Remember to subscribe to ALL the Meidas Media Podcasts: MeidasTouch: https://pod.link/1510240831 Legal AF: https://pod.link/1580828595 The PoliticsGirl Podcast: https://pod.link/1595408601 The Influence Continuum: https://pod.link/1603773245 Kremlin File: https://pod.link/1575837599 Mea Culpa: https://pod.link/1530639447 Zoomed In: https://pod.link/1580828633 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hopefully, by the time you hear this episode, the Republicans on the Banking Committee have
0:04.5	founded in their hearts to do their actual jobs and show up to vote for the Federal Reserve
0:09.4	nominees.
0:10.4	Because you can't complain about inflation if you deliberately undermine the government
0:14.5	organization designed to deal with inflation.
0:19.4	Good grief.
0:31.1	Hello and welcome to the Politics Girl Podcast.
0:33.5	I'm your host, Lee McGowan.
0:35.2	Let's get into it.
0:36.7	Right off the top, I need to say I am not a financial expert.
0:39.8	I'm not even particularly good with money.
0:41.9	I always need more.
0:43.0	I never have quite enough.
0:44.6	I'm frustrated that we didn't have financial literacy in school.
0:47.8	But my parents didn't properly teach me about money.
0:50.5	I hate that I'm not particularly savvy about interest rates or the stock market.
0:54.5	However, I am a nerd for research and fascinated by how things affect our political climate.
1:00.3	And since this one topic is dominating the economic news right now, this week we're
1:04.8	going to talk about inflation.
1:09.8	The New York Times recently wrote that even though inflation has inserted itself into
1:13.9	the American zeitgeist and we're talking about it all the time, trying to understand
1:18.1	it feels a little like a mind bending task.
	...

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