Nine Point One - with Mohamed El-Erian
Call Me Back - with Dan Senor
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Inflation Hits Everyone
When it really kicks into high gear, inflation is ultimately a huge tax on the poor. If inflation comes mainly from from food stuff and from gas, those two elements take a massive bite out of people's budgets. At some point, when inflation continues at eight to nine %, that is not enough, and then you left with terrible choices. There is a reason why, to day, the lines outfite foot banks are growing again. So this, this has massive social implications. It also has economic implications, because you start to destroy demand,. means that, once again, you have a bigger slow down than you would otherwise. And of course, it has massive political implication because people
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