This is ekon talk, conversations for the curious. Today's topic is inflation. Voting will close soon for your favorite episodes of 20 21. We'd love to hear from you. Go to eKon talk dot org and comment on this episode.
What's so bad about rising inflation? Why should we aim for a rate of 2 percent? Why is it a problem if interest rates are too low--and what do we mean by inflation, anyway? Stanford University's John Taylor talks with EconTalk host Russ Roberts about these questions, the Taylor Rule, why inflation is rising, and what the Fed should do about it. At the end of the conversation, Taylor discusses whether stimulus stimulates and the dangers of the national debt.