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Unexplainable

We still don’t really know how inflation works

Unexplainable

Vox

Life Sciences, Science, Natural Sciences

4.52K Ratings

🗓️ 26 June 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

Inflation is one of the most significant issues shaping the 2024 election. But how much can we actually do to control it? For show transcripts, go to vox.com/unxtranscripts For more, go to vox.com/unexplainable And please email us! [email protected] We read every email. Support Unexplainable by becoming a Vox Member today: vox.com/members Please take a second to help us learn more about you! vox.com/podcastsurvey Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

How dole custom orders work on Krakhan?

0:03.0

Imagine I'm a music producer, dialing in my newest track.

0:07.0

Need more bass? Crank it?

0:09.0

Vocal's not popping. Double it up.

0:11.0

Want a bigger sound? Hit that reverb. Hard. That's custom orders on

0:16.5

Cracken. Complete control over your crypto trades. Go to Cracken.com and see

0:21.0

what crypto can be. Don't invest unless you're prepared to lose all the money you invest.

0:25.0

This is a high-risk investment and you should not expect to be protected if something goes wrong.

0:29.0

Remember Summer 2021?

0:34.0

It had been a year since COVID shut everything down,

0:38.0

but things were starting to open back up.

0:41.0

The first vaccines were out, people were booking travel again. I actually

0:46.1

went to see F9 in a theater instead of watching another straight to Netflix movie.

0:50.8

We are headed to outer space. You acting like me on our way to Home Depot.

0:55.0

For the first time in forever, it seemed like things might just be okay.

1:01.0

This is crazy, bro. But Dylan Matthews was doing some reporting for Vox, and he heard a lot of worrying.

1:10.0

One thing people worry about when sort of economic activity is growing really fast is inflation.

1:16.0

Essentially, economists were worried that a huge influx of spending from all those stimulus checks burning holes in people's pockets might drive prices up.

1:26.5

But I was skeptical in the summer of 2021 that prices would rise significantly in a way that would get out of control.

1:34.0

So we talked to a bunch of experts, sat down to write,

1:37.0

and the two blunt headline that I agreed to for that was called

1:41.0

Don't W worry about inflation.

...

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