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Inflation, Supply Shortages, and Rising Gas Prices… What’s Next?

Inflation, Supply Shortages, and Rising Gas Prices… What’s Next?

Episode #59  |  October 28th, 2021
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In This Episode:

In this episode, Trish talks with Professor and NBER Research Associate, Barry Eichengreen about a number of alarming topics including inflation, the supply shortage, and rising gas prices.  

Monetary policy is a blunt instrument for dealing with social problems like wealth inequality. That’s the role of Congress and the president, not the Fed. The central bank should focus on keeping inflation on an even keel and avoiding the next recession – not meddling in the economic divide of Americans.

Professor Eichengreen talks about how the December 2020 and March 2021 stimulus payments are partly to blame for the latest inflation numbers.  Trish and Barry also talk about the supply shortage and how his forecast shows the shortage will likely continue for the next six months, at which point inflation could begin to decrease.    

Plus, they have a very honest conversation about his new book – In Defense of Public Spending.

Guests:

Barry Eichengreen

Professor of Economics and Political Science, University of California, Berkeley
Barry Eichengreen is the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987. He is a Research Associate of the National Bureau of Economic Research (Cambridge, Massachusetts) and Research Fellow of the Centre for Economic Policy Research (London, England). In 1997-98 he was Senior Policy Advisor at the International Monetary Fund. He is a fellow of the American Academy of Arts and Sciences (class of 1997).
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