26min chapter

"Econ 102" with Noah Smith and Erik Torenberg cover image

The Truth About Inflation

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

Managing Inflation and Interest Rates

The chapter explores the concept of inflation and how raising interest rates can be used to combat it. It delves into the historical context of low and stable inflation and its impact on wages, debt, and economic recession. The chapter also discusses the relationship between technological innovation, inflation, and education costs.

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