The Mystery of Inflation (2022)
Throughline
00:00
The Fed's Influence on the Economy
The late 1990s were like the Goldilocks zone of macroeconomics. Alan Greenspan retired just a few years before and Ben Bernanke was the one who had to deal with the worst economic event in generations. The conventional view is that if the Fed were just to leave interest rates alone, you would get a spiraling inflation or deflation. But for over a decade after the 2008 recession, despite very low interest rates, inflation never really spiked.
Play episode from 41:12
Transcript
