This chapter explores the public perception of inflation, contrasting it with economist views and historical contexts like E.P. Thompson's moral economy concept. It discusses the costs and challenges associated with inflation, including its impact on basic necessities and business strategies. The chapter also touches on the political implications of inflation attribution, highlighting the disconnect between economists' perspectives and public sentiment, particularly in the lead-up to the election.
At a hidden command centre our correspondent finds deflated but defiant soldiers. Fight against Russia now, they say, or fight for Russia against Europe later. With inflation poised to play a critical role in America’s election, we ask why voters despise it even though it can signal rude economic health (11:58). And how a century-old novella called “The Vortex” pioneered eco-literature (19:23).
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