92: Greedflation
Rethinking Politics
English - June 12, 2022 01:25 - 45 minutes - 69.1 MBGovernment News Politics Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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In the beginning of 2022 we were told that inflation would be temporary, but it stuck around. Then the Fed jumped in and raised interest rates in order to lower inflation, and that didn't work either. So as pundits and economists struggle to explain, a new theory is being proposed to explain our current situation: greedflation. In this episode we dissect an article about this term and offer our take on the current inadequacy of mainstream economic models to explain the current situation.
Music: Beauty Flow by Kevin Macleod
Photo: fikry anshor on Unsplash
References: Greedflation Article