Historically, there are these bubbles that leave useful technologies in their wake. So we were in optimistic times. The goldi locks arrow went on for years. Nobody could have predicted the pandemic,. Everyone said inflation was transitory, and now it's all in peril. What is the, perhaps better way to respond to all this? I want to separate inflation expectations from expectations about the world.
The stock market tumble and crypto crash are symptoms of a broader shift in the US economy. Jacob Goldstein explains the end of the “Goldilocks Era.”
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Mounsey, hosted by Noel King.
Transcript at vox.com/todayexplained
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