Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts,

or wherever you get your podcasts. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics, finance, investment, and international

relations.

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Bloomberg. So a brilliant interview took place between Bloomberg News and the Secretary, the Treasury Secretary Stephen

Minuchin on a train in Philadelphia and the Secretary of the Treasury taking the

opportunity to say there are a lot of ways that the economy could grow. You could

have wage inflation and not necessarily have inflation concerns in general.

It's a message that seems to be coming out of this administration that wages can go up, but you may

not end up with broad-based price pressures. I want to turn to someone who can weigh in.

It's Carl Weinberg. He is the founder of high-frequency economics and he joins us here in

New York City. So Carl, let's put the economics to the test.

Can we have the wage growth without a big boost

to the overall headline inflation number?

Well, we can.

It's a question of whether it's likely.

The whole driving theme of this administration is that its policies are going to increase productivity.

...