Mark Blyth and Nicolò Fraccaroli - Inflation

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 20 October 2025

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, author and professor Mark Blyth sits down with Cole Smead to discuss a book he co-authored with Nicolò Fraccaroli titled “Inflation: A Guide for Users and Losers.” Blyth unpacks the modern forces driving today’s economic shifts, explaining how they reach far beyond simple price increases. They also discuss modern means for managing the economy, energy trends, and more!

Transcript

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0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:07.0	At Smead Capital Management, we advise investors who play the long game.
0:12.0	You can learn more at Smeadcap.com or by calling your financial advisor.
0:23.6	Welcome to a book with Legs podcast.
0:28.0	I'm Cole Smead, CEO, and portfolio manager here at Smead Capital Management.
0:33.4	At our firm, we are readers, and we believe in the power of books to help shape informed investors.
0:36.6	In this podcast, we speak to great authors about their writings.
0:38.7	The late great Charlie Munger prescribed using multiple mental models and analysis. We analyze their work through the lens of business,
0:44.2	markets, and people. In this episode, we will discuss what seems to be a fact of life,
0:51.2	in my opinion, in the 2020s. Mark Blythe is joining us to discuss his newly co-authored
0:57.2	book, Inflation, a guide for users and losers. A little background on Mark for our audience,
1:04.0	Mark is the William Rhodes Professor of International Economics at Brown University. He is also
1:09.3	a director for the Road Center for International
1:12.2	Economics and Finance at the Watson Institute for International Public Affairs. He has published
1:17.9	other books, to name a few. This includes austerity, the history of dangerous ideas, and
1:22.6	also another title I had for him is Angrynomics. He has other published books outside that.
1:27.6	Just to note, Mark received his BA from Strathclyde University and a master's and a doctorate
1:33.3	from Columbia.
1:34.8	Mark, thanks for joining me today.
1:36.9	That's the best summary bio anyone's ever done.
1:39.5	Oh, that's really nice.
1:41.1	Cool.
	...

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