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What Next | Daily News and Analysis

The Fight Over Rising Prices

What Next | Daily News and Analysis

Slate Podcasts

Daily News, News, News Commentary

4.32.4K Ratings

🗓️ 15 June 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Turn on your favorite business news channel, and it seems like all anyone can talk about is inflation. Prices are rising, but is it anything to worry about in the long term?  Guest: Jordan Weissmann, Slate’s senior business and economics correspondent.  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

So Jordan, do you want to know what I love about talking about inflation?

0:07.7

I'm all ears. I'm really curious. What do you love?

0:12.9

Jordan Weisman. He's the slates der I call up when I've got questions about the economy.

0:18.6

I love the news clips.

0:21.4

A much hotter than expected inflation reports, shocking markets and even the Fed.

0:25.8

And we pay more for everything we buy in every store, more for heating, more for cooling our homes. Who wins here?

0:32.4

The bad guy is in the enemies of America.

0:34.7

They're just so delightfully unhinged.

0:37.6

All right folks, inflation volcano has erupted.

0:40.4

Like the volcano has erupted.

0:43.8

I like this metaphor, like inflation as the Yellowstone Supervolcano, the Yellowstone called Dara.

0:51.1

We've all been hearing about it for so long and now it's finally exploding.

1:02.4

If you watch enough CNBC, you'll see the story about inflation play out in a bunch of different ways.

1:08.0

As a story about worried investors and CEOs, as a personal finance story.

1:12.8

From Wall Street to Main Street to Washington, everyone is talking about inflation,

1:17.2

which is having a really loud call. I want to pick apart the way the inflation story is being

1:22.0

told right now by talking about this segment I saw on CNBC. They had a reporter go out and see

1:29.2

how inflation is impacting you day to day.

1:37.6

The average gourmet coffee drink is $4.85 up 8% compared to last year.

1:44.0

You then go buy some orange juice, which is up 21% in the past two years due to tighter supplies

1:49.9

in the United States and Mexico. Is that fair?

1:53.6

What's really frustrating about all of the examples you just gave is that all of those are things

...

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