The Current State of Inflation and the Possibility of a Recession

This chapter of the podcast analyzes economists' expectations for the inflation rate, the uncertainties related to global developments, and the actions taken by the Federal Reserve to combat inflation. It discusses the impact of inflation on working-class people, the housing market, and wages, as well as the need to address inflation through means other than relying solely on the Fed. The chapter also explores the parallels between the current economic situation and the 1970s, and the potential challenges posed by the end of the easy money regime.