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Episode 040: Dr. Ed Yardeni, host Rick Ferri

Bogleheads On Investing Podcast

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The Base Effect and Transitory Inflation

The longer that they persist and create inflationary pressures prices, the more that those pressures then get into wages. The risk of a wage price spiral comparable to what we had in the 19 seventies. I don't think that's where we're going. But for the herer now, we are having unintended consequence of the fed's ultra easy monetary policy with tremendous stimulus provided by the fiscal authorities. All that created a demand shock, which has then created a supply shock, which explains why we have an inflation problem right now.

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