Paul Krugman on the Year of Inflation Infamy
Macro Musings with David Beckworth
00:00
What Can We Learn From These Different Experiences?
What we're going through now is really unique. It's a combination of many of the things we saw then. We have had probably some demand just n excess spending inflation, and that's where import dissues come up. Then we've also had the sort of idiosyncratic shocks, except this time it is oil among other things,. There's the used car shortage. There's the hotel rooms and rental cars. And then there'snot the last bit, the self sustaining inflation, driven inflation. So far, i don't actually see any of them.
Transcript
Play full episode
