What Next: Inflategate

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Slate

Society & Culture, Business, News

3.9 • 1.1K Ratings

🗓️ 22 November 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

How many times a day do you hear the word “inflation” now? Many items are getting more expensive, but what’s actually driving those price increases? And are we heading towards a repeat of the 1970s wage-price spiral, or is this a temporary blip? Guest: Jordan Weissmann, senior editor at Slate. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So are we ready to go?
0:06.0	I think so.
0:08.0	Okay, Jordan Weisman.
0:09.0	Yes.
0:10.0	I would like to introduce you to someone, which is yourself.
0:15.0	Oh.
0:16.0	From like nine or so months ago.
0:18.0	No, don't do that.
0:19.0	This is going to be brutal.
0:21.0	Jordan Weisman covers the economy for slate.
0:24.0	I don't want to confront the ghosts of economic predictions past.
0:28.0	Please, please, anything but that.
0:31.0	He is pleading for mercy here because he knows exactly what I'm about to do.
0:36.0	I'm going to make fun of him.
0:38.0	So just at the scene, President Biden was about to pass his big stimulus bill.
0:43.0	Yeah.
0:44.0	And there was this concern at the time that if we passed a $2 trillion bill,
0:51.0	it would overheat the economy.
0:55.0	Do you remember what you said to me when I asked you about that?
1:00.0	I think I said, I actually do remember this pretty well.
1:02.0	I said that it would actually maybe be a good idea to try and overheat the economy
1:07.0	just to see if we could even do it.
	...

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