4.6 • 8.9K Ratings
🗓️ 13 September 2022
⏱️ 58 minutes
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0:00.0 | The basic problem is there were these huge disruptions of pandemic. |
0:03.4 | There's a new set of disruptions related to Russia's invasion of Ukraine. |
0:06.8 | That's creating all sorts of real problems in the world. |
0:09.5 | Those problems have economic and financial manifestations. |
0:12.9 | It's basically a question of how do we count them and allocate them, |
0:15.5 | and inflation is kind of the normal way to do it. |
0:18.0 | Hello, welcome to Why is this happening with me, your host, Chris Hayes. |
0:30.5 | So if you are basically 40 years or younger, a few years younger than me, |
0:35.5 | you have never in your life experienced inflation at the rate that it's been over the last year. |
0:42.0 | You've just never been in a world where prices went up, seven or eight percent. |
0:46.5 | You've never had the visceral experience of it, which is really something I have to say. |
0:51.0 | I mean, I haven't really experienced either because I was like two or three when it was last happening. |
0:56.0 | And you do have a lot of occasion to buy a thing, grocery store, cup of coffee, pay for some service, |
1:04.5 | like your car needs fix and thinking like, well, that's a lot. |
1:08.0 | Go to rent a car. |
1:09.5 | Oh, really? |
1:11.0 | Is that really what they're charging rent cars? |
1:12.5 | Like that is a very common experience. It's pretty new for those of us my age and younger. |
1:20.0 | And it speaks to something about the current macro economic environment, |
1:25.0 | which is one of the most profoundly weird moments in the time that I've covered the economy. |
1:31.0 | And probably one of the weirdest moments we've ever really encountered. |
1:35.0 | We're a little bit off the map. |
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