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The Daily Signal Podcast

What Latest Inflation Numbers Mean for Your Wallet

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.61.2K Ratings

🗓️ 13 August 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

Americans have felt the effects of ballooning inflation as a direct result of government-mandated shutdowns of the economy. Prices on essential goods, including food and gas, have risen steadily over the past few months, leaving many wondering about the economic health of the nation.

"This past year and a half, we also saw a very sharp economic decline, larger in a single quarter than we have seen in any of our lifetimes, unless you were around back in the 1930s," says Joel Griffith, research fellow in financial regulations at The Heritage Foundation.

Griffith joins us today on "The Daily Signal Podcast" to talk about the latest inflation numbers and how good fiscal policy can help us right the ship.

We also cover these news stories: 

  • The Taliban capture the strategically significant cities of Ghazni and Herat, marking the fall of 11 out of 34 provincial capitals after a weeklong blitz of fighting.
  • Texas Gov. Greg Abbott and state Attorney General Ken Paxton push back on Dallas County's new mask mandate. 
  • A recent report details how Oregon Gov. Kate Brown quietly signed into law a measure ending graduation requirements for students to prove they can read, write, and do math at a high school level. 
  • New York Gov. Andrew Cuomo is going to step down, but Republicans and Democrats alike call for him to be held accountable for his handling of nursing homes during the COVID-19 pandemic. 




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Transcript

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0:00.0

This is the Daily Signal Podcast for Friday, August 13th.

0:09.6

I'm Virginia Allen.

0:10.6

And I'm Doug Blair.

0:12.4

Americans across the country have been feeling the effects of ballooning inflation as a direct

0:16.6

result of government-mandated shutdowns of the economy.

0:20.1

Prices on essential goods like food and gas have steadily risen over the past few months,

0:24.8

leaving many wondering about the economic health of the nation.

0:28.1

Heritage economic expert Joel Griffith joins us today on the Daily Signal Podcast to

0:32.0

talk about the latest inflation numbers and how good fiscal policy can help us write

0:35.9

the ship.

0:36.9

Don't forget, if you enjoy listening to this podcast, please be sure to leave us a review

0:41.6

or a five-star rating on Apple Podcasts and encourage others to subscribe.

0:46.2

Now, on to our top news.

0:57.0

The Taliban on Thursday captured the strategically significant cities of Ghazani and Harat,

1:02.1

marking the fall of 11 out of 34 provincial capitals after a week-long blitz of fighting.

1:07.8

It is estimated that with the fall of these two cities, the Taliban now controls over

1:11.7

two-thirds of Afghanistan.

1:13.8

Harat is the third-largest city in the country and contains a prison that housed Taliban

1:18.0

fighters while Ghazani sits on the Kabul-Kandahar highway, connecting the national capital

1:22.6

Kabul with Afghanistan's southern provinces.

1:25.8

In the aftermath of devastating losses across Afghanistan, U.S. Air Force spokeswoman Nicole

1:30.4

Ferrara said U.S. forces had launched air attacks to assist Afghan forces fighting the Taliban.

...

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