The real reasons why inflation soared last year (with Ira Regmi)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 10 January 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

For most of last year economists and pundits engaged in a long, circular debate about why inflation was spiking around the world, and who was to blame for those skyrocketing prices. Economic experts at the Roosevelt Institute (including past guest Joseph Stiglitz) have finally revealed the root causes of global inflation in a new report. Stiglitz’s co-author, Ira Regmi, shares what they’ve learned. Ira Regmi is the Program Manager for the Macroeconomic Analysis program at the Roosevelt Institute. They support the team’s work on fiscal and monetary policy, unemployment, and growth to ensure an economy that works for all. Twitter: @Regmi_Ira The Causes of and Responses to Today’s Inflation https://rooseveltinstitute.org/publications/the-causes-of-and-responses-to-todays-inflation Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

Click on a timestamp to play from that location

0:00.0	They were going to talk to an economist who's going to take us through the best and latest
0:06.0	data on what's generating when I would claim it's not inflation is actually higher prices.
0:12.0	So I think you're right in like trying to draw a distinction between what price increases
0:17.0	are, what a wage price spiral is, what inflation is, and you know, some people might be like,
0:22.3	hey, these are semantics, but the semantics are really important to you.
0:25.9	They're super important. Exactly.
0:32.9	From the home offices of civic ventures in downtown Seattle, this is pitchfork economics
0:37.9	with Nick Hanauer, the best place to get the truth about who gets what and why.
0:48.9	I'm Nick Hanauer, founder of Civic Ventures.
0:51.9	I'm David Goldstein, senior fellow at Civic Ventures.
1:01.9	Well, Nick, if there's one thing that you and I have in common, is that we're never so happy
1:07.9	as when we're proven right.
1:11.9	So true. Today is a bit of a moment of vindication, isn't it?
1:15.9	Absolutely. I don't want to inflate the audience's expectations too much.
1:21.9	But today we'll be talking about inflation and what's really causing the high level of inflation
1:29.9	in this pre-post-pandemic world.
1:32.9	Yeah, Goldstein, you couldn't be more correct, of course, in speaking about how correct we've been.
1:38.9	Because today we're going to talk to an economist who's going to take us through the best and latest data
1:45.9	on what's generating what I would claim is not inflation is actually higher prices due to the global supply shock
1:54.9	that was created by the pandemic.
1:57.9	And this is the argument that we've been making, I've been making for a long time,
2:00.9	is that if you know anything about global supply chains and I grew up managing them,
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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