Ryan's Last Podcast on Inside Economics

You're starting to see now some evidence that's very spiral um that was surprising to me i thought we had the first time we ran it was a 20% pass through so basically people expect to be made 80% worse off for a given change in prices they don't expect their wages are going to keep off with inflation right okay well that's a little disconcerting as well because your work has shown that its inflation affects wages but wages have not turned around in effect. You know maybe that's the early warning sign that we're moving from a price wage spiral to a wage price spiral be a problem not a problem it would be a problem yeah okay you guys are making me depressed i need