Introduction

This episode of The Dig is part one of a two-part series on monetary politics with historian Tim Barker. In this interview, we cover some of the basics of what's going on with inflation and the various supply and demand side accounts of why it's happening. We will discuss many other topics, including whether the Fed's previously expansionary monetary policy had contributed to asset price inflation among the super-rich. And then what industrial undercapacity means for Marxist arguments that capitalism suffers from chronic overcapacity.