The Inflation Economy: What You Need to Know

Honestly with Bari Weiss

The Free Press

News, Society & Culture

4.6 • 7.8K Ratings

🗓️ 19 April 2022

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you’re confused about what is happening with the economy right now, so are we. Why is inflation up 8.5%? Who’s to blame? Is it the Democrats? Or everyone that’s been pushing easy money? What should we do in the long term? The short term? Should we be renting? Buying? Good time to get into the market? Or should we be putting a couple thousand away under the mattress? Or into crypto? Today, Tyler Cowen is here to answer all of your burning questions about the economy. Cowen is a professor at George Mason, runs one of the most useful blogs on the internet (it’s called Marginal Revolution), and is widely considered one of the most influential economists in the country. Cowen, as always, reminds us that conversations about money are often much bigger than money – that at the heart of the conversation about the state of the dollar are fundamental questions about institutional distrust and broken cultural incentives. Cowen helps us answer those questions, too. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	The Economist provides independent journalism for independent thinking and has been
0:05.1	championing progress for almost 200 years.
0:08.3	With the Economist, you gain access to fact-based, deeply researched expert analysis of world events and topics
0:14.3	ranging from business and culture to politics, science and technology.
0:18.2	Tune into the global conversation with reporting from correspondence around the world,
0:23.0	available in-app online through podcasts and print.
0:26.5	So for fact sake, search the economist.
0:31.3	The US is at its highest level of inflation in over four decades as prices on everyday
0:36.6	consumer goods.
0:37.6	It is the fastest annual rate of inflation since December of 1981. This is honestly, and today, the state of the economy.
0:47.0	A new C.N.C. and Acorn survey finds nearly half of Americans say they think about rising prices all the time.
0:54.0	And more than three quarters say they're worried higher prices
0:57.2	will force them to rethink their financial choices.
1:00.2	Let's save ourselves the big wind-up introduction here, because this is something we all know and then we're all feeling
1:05.4	There was not one government item that went down in price energy in vehicle prices went up highest.
1:12.6	Gasoline alone costs 50% more.
1:15.6	New vehicles costs 37% more.
1:18.4	Food prices are up.
1:19.6	6% houses prices are up 4%.
1:23.0	Right now we are living through an economic catastrophe not seen in half a century.
1:28.0	And at the center of it, the thing we're feeling is inflation.
1:32.0	The price is surging,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Free Press, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Free Press and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.